Residential development for sale

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Residential development for sale

210-212 Main Road, Sidcup, Kent
£825,000

Our Summary

  • PRICE REDUCTION - a rare opportunity to acquire two neighbouring freehold properties on a corner plot with potential
  • There is potential to extend into the roof space and rear to create further accommodation, subject to the necessary planning consents
  • There is also potential to convert the retail units into residential under permitted development rights

Description

This property description offers a rare opportunity to acquire two neighboring freehold properties on a corner plot with potential for expansion and conversion. The ground floor of 210 Main Road is currently vacant and was previously used as a laundrette, while the first floor is a one-bedroom flat let on an AST expiring in August 2024 at a current rent of £1,150pcm/£13,800pa. The property will be sold with the benefit of the AST income. The ground floor of 212 Main Road was last used as an off-licence and grocery shop, and the first floor one-bedroom flat is currently occupied by a member of the vendor's family. Both properties will be sold with vacant possession, and there is potential to extend into the roof space and rear to create further accommodation, subject to planning consents. Additionally, there is potential to convert the retail units into residential under permitted development rights.
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