A rare opportunity to acquire the freehold for a block of 15 flats, on a popular road, with landscaped grounds and 15 garages to the rear. The opportunity benefits from approved planning permission to add three further new build dwellings to the roof of the existing block.
Title No. SY631367
Planning No. 23/W/00088
Within the consented scheme there is a planning provision for 11 additional car parking spaces, 6 of which are to be visitor bays, Plot 1 is allocated 1 space and Plots 2 & 3 are to be allocated 2 spaces each respectively.
From our research we believe the new build flats have the following potential GDV
Plot 1 £323,000
Plot 2 £535,000
Plot 3 £530,000
GDV £1,388,000
We invite you to undertake your own research to the potential GDV.
Furthermore it is felt that there could be potential to redevelop the land that the garages are upon to add residential dwellings above, with garages below. This will need detailed investigation by the prospective purchaser as there will be complications to overcome with the existing leaseholders of the various garages and planning permission will be required for the potential development of the garages.