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Our Summary
- Opportunity to create 4 x 1 bedroom apartments (stp)
- The property enjoys full planning consent from 2018 for the enlargement of the site at Ground, First & Second Floor levels (ref: 2018/03963/FUL) and more recently an application has been lodged to formalise the increased site area into 4 x 1 bedroom apartments
- There is a secure income stream of £44,000 per annum via AST agreements in relation to the residential, providing stable income to the incoming purchaser whilst the site is further explored to reach its full potential
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Description
The property is a freehold site on Fulham Palace Road, a 1.5-mile thoroughfare in West London that connects Hammersmith and Fulham. The site comprises a 4/5 bedroom residential flat and a vacant self-contained commercial unit, with a secure income stream of £44,000 per annum from an AST agreement. The property has full planning consent for the enlargement of the site at ground, first, and second floor levels, and a recent application has been lodged to formalize the increased site area into 4 one-bedroom apartments.
The site currently spans ground, first, second, and basement levels.