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Block of flats
Bellegrove Road, Welling (Town Centre), London DA16
£3,250,000
Bellegrove Road, Welling (Town Centre), London DA16
£3,250,000
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 7 apartments and a Class E commercial unit at ground level, currently occupied by Novo Gym. The apartments are held on separate titles and have NHBC guarantees, with a total internal area of [insert area]. The property benefits from a low capital value of £295 per square foot and is situated just an 8-minute walk from Welling Station, with excellent transport links to London Bridge and the City. The location is a popular commuter belt area with strong residential rents achievable, and the property's potential for additional units, subject to planning consents, makes it an attractive investment opportunity.