7 Stock Road, Billericay, Essex, CM12

Investment Consideration:
Vacant possession
VAT is NOT applicable to this property
SPV can be acquired to minimise stamp duty
Comprises two-storey HMO licensed building on a plot of 0.52 acres
Property benefits from 11 parking spaces and large garden at rear
Planning committee voted to pass planning subject to s106 agreement on 13th November 2024 for demolition of existing building and erection of a four-storey residential block of 20 Apartments and 4 x 3-Bed Houses
Total proposed residential area: 1,570 sq m (16,924 sq ft)
No CIL payment
S106 contributions: £111,000
Affordable Housing Contributions: £75,000
Situated within 1 minute walk to Billericay Train Station and High Street with occupiers nearby including KFC, Waitrose, Halifax and more
Billericay Train station provides direct services to London Liverpool Street with average journey time of 35min and a total of 63 trains per day.

Property Description:
Comprises detached two-storey building on a plot of 0.52 acres. The property benefits from 11 parking spaces at front and large garden at rear, suitable for various residential/commercial re-development schemes.

Development Opportunity:
Planning Ref: 23/01563/FULL
Planning committee voted to pass planning subject to s106 agreement on 13th November 2024 for demolition of existing building and erection of a new four-storey residential block of 20 Apartments (10 x 1-Bed, 9 x 2-Bed, 1 x 3-Bed) and 4 x 3-Bed Terraced Houses, Location:
Billericay is situated in the South-East Essex Area approximately 35 miles east of central London and 10 miles distant of the M25 and national motorway network accessed via the A127 Arterial Road which provides direct links to the A12. Billericay has a main line railway station providing services to the City. The property is situated within 1min walk to Billericay Train Station and High Street with occupiers nearby including KFC, Waitrose, Halifax, Restaurant`s and many more. Billericay Train station provides direct services to London Liverpool with average journey time of 35min and a total of 63 trains per day.