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Block of flats
Bellegrove Road, Welling (Town Centre), London DA16
£2,950,000
Bellegrove Road, Welling (Town Centre), London DA16
£2,950,000
Our Summary
- Introducing to the market is this newly developed unbroken mixed Freehold dwelling with opportunity for future value add by way of additional residential units and increased massing, subject to planning consents
- • Potential for future value add by way of additional units, subject to the usual planning consents
- 15 acres, with potential for further future value add by way of additional units, subject to obtaining the necessary planning consents
Description
This newly developed mixed-use property in Welling, London, offers a unique investment opportunity with potential for future value add. The property comprises seven apartments and a Class E commercial unit at ground level, currently occupied by Novo Gym, generating a steady income. With a low capital value of £295 per square foot, the property presents a rare chance to acquire a fully occupied and income-producing asset. The location is highly desirable, with Welling Station just an 8-minute walk away, providing easy access to London Bridge and the City via Southeastern and Elizabeth Line connections. The property's extensive double frontage and 0.15-acre site also offer scope for further development, subject to obtaining necessary planning consents.