Residential development for sale

>

Residential development for sale

Station Road, West Drayton
£1,500,000

Our Summary

  • DEVELOPMEMT OPPORTUNITY - WITH PLANNING PERMISSION for the erection of an additional storey to existing block of flats to add 3 storey side extension and internal alterations to create 1 no
  • This is an ideal opportunity for all developers

Description

This development opportunity presents a chance to transform a block of existing flats into a more spacious and modern living space. With planning permission already secured, the property can be expanded by adding an additional storey, a three-story side extension, and internal alterations. The existing four flats, currently let on periodic ASTs, will be reconfigured to create a studio, two one-bedroom flats, and one two-bedroom flat. The property is being sold with the entirety of the freehold, meaning there is no service charge or ground rent. This presents an ideal opportunity for developers to capitalize on the potential for significant rental income, with the existing flats already producing £5,800 per month.
Finance This Property