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Terraced house
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Our Summary
- Residential/Development opportunity
- Potential to develop the rear building and add an additional floor
- Our clients carried out a study in 2023 to submit a planning application to develop the rear of the entire three buildings
- Legal Costs Each party to bear their own Legal Costs Freehold Price Offers in excess of £4,350,000 with the benefit of the income and potential for development Planning Permission Planning has been granted 18th February 2022 to convert the ground floor and basement of number 136 RCS from office to residential use
- (Planning ref: 2021/1849/P) Rental Income The flats are currently let and producing an income of £187,612
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Description
The property is a three-building terrace on Ground, First, and Second Floors, split into six self-contained flats and vacant offices. The flats are arranged as follows: four 4x2 bed flats, one 2 bed maisonette, and one 3 bed maisonette, with the 3 bed maisonette let on Airbnb. The ground floor and basement of one of the buildings is vacant, with planning permission granted to convert the office space to residential use.
The property has a rear part suitable for reconfiguration and development, and an additional floor could be added everywhere.