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Detached house for sale
Ladywood Avenue, Petts Wood, BR5
£1,750,000
Ladywood Avenue, Petts Wood, BR5
£1,750,000
Our Summary
- Formerly used as a Friends Meeting House with residential flat above all of which was vacated over 10 years ago and now requires complete refurbishment
- Potential for redevelopment with possible community use or other mixed-use (stpp and resolution of legal covenants) - alternative uses or redevelopment proposals will be subject to an overage clause
- Prospective purchasers should make all the necessary enquiries with the Local Authority as to existing and potential permissible use
- In addition, it is understood that historical covenants restrict use to residential use only although this may be able to be amended subject to any necessary legal agreement - interested
Description
This detached property, formerly a Friends Meeting House with a residential flat above, is located in a desirable residential road in Petts Wood East. The property has been vacant for over 10 years and requires complete refurbishment. Although the current use is uncertain, it is believed to benefit from Class F1 planning use. However, prospective buyers should make their own enquiries with the Local Authority to confirm the existing and potential permissible use. Additionally, historical covenants restrict the use to residential only, although this may be able to be amended with a legal agreement. The property offers potential for redevelopment with possible community use or mixed-use, subject to an overage clause and resolution of legal covenants.