Overview

A double-fronted office building with permitted development approval for conversion into residential apartments. The Property is held within a Special Purpose Vehicle (SPV).

Development Summary

Approval has been granted for eight apartments ranging from 431 sq. ft. to 1,281 sq. ft. Alternative layouts incorporating more two-bedroom units may offer a more efficient configuration.

Unit Schedule

Unit 1 – 678 sq. ft – studio

Unit 2 – 861 sq. ft – 1 bed

Unit 3 – 431 sq. ft – studio

Unit 4 – 1,249 sq. ft – 1 bed

Unit 5 – 1,238 sq. ft – 1 bed

Unit 6 – 1,055 sq. ft – 1 bed

Unit 7 – 1,184 sq. ft – 1 bed

Unit 8 – 1,281 sq. ft – 2 bed

Parking Space (9)

Tenancy and Income

The current passing rent is £155,900 per annum. Each tenant is on six months’ notice. The property can be purchased with vacant possession or with tenants in situ.