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2 bed flat
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Our Summary
- Development and Investment opportunity
- Planning permission to change the existing building to create a 1 bed flat and an upper maisonette
- Planning consent was GRANTED (Planning Application Reference: P2023/3111/FUL) on the 25th March 2024 for the proposed erection of a new two storey (including basement level) 1no
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Description
The property is a mixed-use freehold located in the Barnsbury Conservation area of Islington, with planning consent to build a new two-storey house at the rear and remodel the existing main building. The existing property has a commercial tenant paying £27,000 per year and includes a shop on the basement and ground floors, rented for £28,000 per year with a lease expiring in 2032, which will increase to £29,000 year in 2026. The property also features a main building with a proposed upper maisonette and a new 1-bedroom flat on the first floor created by a mansard roof, with an existing rear garage and store to be replaced.