>
Parish Lane, London, SE20 5 bed block of apartments for sale
Parish Lane, London, SE20
£870,000
Parish Lane, London, SE20
£870,000
Our Summary
- Guide Price £870,000Situated on a prominent corner plot in the heart of Penge, Parish Lane presents a rare and exciting development opportunity (STPP)
- With its mixed-use configuration and prime location, the property offers strong potential for redevelopment, refurbishment, or ongoing investment
- To the rear of the property is a garden space that could be enhanced for residential use or future development potential, subject to necessary consents
- The combination of size, location, and income stream makes this an appealing proposition for developers, investors, or owner-occupiers seeking to maximise value
- Development opportunity
Description
This property, located on a prominent corner plot in Penge, offers a rare and exciting development opportunity. The mixed-use building, spanning over 2,000 sqft, comprises two commercial premises on the ground floor and two residential flats above, with a garden space to the rear. The property benefits from a prime location, just a short walk from Kent House station and local shops, and has a strong potential for redevelopment, refurbishment, or ongoing investment. The site also features advertising billboards, generating an additional £2,500 per annum income. With its size, location, and income stream, this property presents an appealing proposition for developers, investors, or owner-occupiers seeking to maximize value.