Property for sale

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Property for sale

Elm Drive, Hove
£775,000

Our Summary

  • DEVELOPMENT OPPORTUNITY BH2024/00797 A FANTASTIC OPPORTUNITY to acquire a FREEHOLD PROPERTY consisting of TWO VACANT SHOPS which are in need of some improvement and TWO GOOD SIZED 2 BEDROOM FLATS ABOVE (the flats are are currently tenanted)
  • PLANNING PERMISSION HAS BEEN GRANTED to convert two shop units into 2 x one bedroom self-contained flats

Description

This development opportunity presents a unique chance to acquire a freehold property consisting of two vacant shops and two 2-bedroom flats above, located in a popular residential area. The property requires some improvement, but planning permission has been granted to convert the two shop units into two one-bedroom self-contained flats. Each flat will have a courtyard garden and a communal garden, as well as bike and bin stores. The existing flats are currently tenanted and have been popular with renters, with feedback praising the spaciousness of the flats. The property offers a mix of retail and residential space, with potential for further development and renovation. The shops have uPVC windows and doors, while the flats have a range of modern amenities, including bathrooms, kitchens, and bedrooms. With its prime location, proximity to bus routes, schools, and shops, this property presents an exciting opportunity for developers and investors.
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