Skip to content

68-70 Bovill Road, Forest Hill, London

Offers Over
£1,500,000

Business rates & charges may apply

Acorn Limited, Acorn Commercial
SIZE

Ask agent

SECTOR

Residential development for sale

Key features

  • Planning (REF: DC/21/124742) for Conversion of Existing Buildings to 5x Flats & 1x New Build House to Rear.
  • Very In-Demand Area.
  • Honor Oak Station (approx. 8 mins walk).
  • Ready for an immediate build.
  • GDV c.£3.4m.
  • Offers in Excess of £1,500,000.

Description

A rare opportunity to acquire this unique investment opportunity, which is currently two vacant freehold buildings with garages to the rear. The properties are currently arranged as 4x flats (2x 1-beds at ground floor level and 2x 2/3 beds at first/second floor levels) with garages to the rear. The site benefits from planning consent (REF: DC/21/124742) to convert/extend the existing buildings into 5x flats (1x 1-bed, 3x 2-beds, 1x 3-beds) with the garages to the rear to be demolished, to allow for the construction of a 3-bedroom end of terrace dwelling/house.

There are multiple angles on this site for an exit strategy, with options to develop/resell the entire site, to retain the site, or even look to develop/build the house to rear with a view of selling on the open market to then retain the flats as an investment via an unbroken freehold block providing opportunities in the future to sell as an investment building or break up one by one.

Brochures

68-70 Bovill Road, Forest Hill, London

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Honor Oak Park Station0.3 miles
  • Forest Hill Station0.5 miles
  • Crofton Park Station0.8 miles

About Acorn Limited, Acorn Commercial

9 St. Marks Road Bromley Kent BR2 9HG

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 36667FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acorn Limited, Acorn Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.