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249 East Road, Tylorstown, Ferndale... Residential development for sale
249 East Road, Tylorstown, Ferndale, CF43 3HG
£45,000
249 East Road, Tylorstown, Ferndale, CF43 3HG
£45,000
Our Summary
- FOR SALE BY AUCTION - -Lot 59 - Mixed Use Development with Lapsed PlanningONLINE AUCTION from 16th DECEMBER-18th DECEMBERA four storey end of terrace premises
- Planning has been granted to convert the uppers into two self-contained two bedroom flats this planning is now lapsed but could be reinstated subject to the relevant consents
- Planning PermissionPlanning has been granted for the conversion of 4 bedroom flat into two self-contained two bedroom flats planning reference 15/1070/10
Description
This four-storey, end-of-terrace property in Tylorstown is being sold by auction and offers a mixed-use development opportunity. The ground floor is currently let to a barber shop, while the upper floors feature a four-bedroom flat that is currently vacant but has the potential to generate £650-700 per month in rent. The basement is accessible from the rear and planning permission has been granted to convert the upper floors into two self-contained two-bedroom flats, although this permission has since lapsed. The property is situated on a main thoroughfare, close to a mix of independent traders and with good bus links. The vendor is advised that the property is being sold freehold, although this is to be verified, and that no VAT is due on the sale. With a previous rental income of £1,100, this property presents a unique opportunity for investors or developers looking to capitalize on its potential.