Located on Lillington Road, Southfields is a two-story residential building with 54 flats and one office, situated approximately one mile from Leamington Spa town center. The property, built in the early 1980s, sits on 1.26 acres of land with car parking. A lawful development certificate confirms that the building can be occupied without restriction, and planning permission has been granted for roof lights, French windows, and additional car parking. The property also has potential for internal reconfiguration and expansion into the roof space, allowing for the creation of additional units. The current owner's special purpose vehicle (SPV) can be acquired, offering a stamp duty saving. Overall, Southfields presents a unique residential development opportunity with a mix of existing and potential new units.