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26 bedroom property with land for sale
Lurke Street, Bedford, Bedfordshire , MK40
£1,850,000
Lurke Street, Bedford, Bedfordshire , MK40
£1,850,000
Our Summary
- The existing building has a permitted development consent for conversion to twenty-six flats
- There was a previous approval for conversion to 23 larger 1&2 bed flats under reference 20/02124/CPNO dated 11th November 2020 (now expired), this could be renewed, further details available
- The building may have potential to create further accommodation by adding a further storey (STPP)
- Any additional accommodation created will be subject to an uplift clause on an agreed pro rata basis
Description
This property is a four-story office building in Bedford town centre with a permitted development consent to convert it into 26 flats. The building has lift access and 7 parking spaces, with an additional parking permit available for the adjacent multi-storey car park. The property is located near the railway station, with regular services to London, and is within walking distance of private schools. The development is CIL liable, but the existing floor area can be offset against the charge. The building has potential for further development by adding an additional storey, subject to an uplift clause. The property is to be sold freehold with vacant possession, subject to termination of existing leases, and is guided at offers in excess of £1,850,000.