Attention investors and entrepreneurs. Situated on the ever popular Brighton Road in Alvaston, this property presents a significant opportunity to develop the site further.
Currently comprising of a 1/2 bed flat, a 1st floor flat, a significant garage to the rear which offers a potential building plot subject to planning consent.
The flats are currently rent and producing £16,000 per annum and are in good condition. It may also be possible to change these to a HMO proving 7/8 potential bedrooms subject to planning.
However, the kicker in this deal is the garage at the rear which we are led to believe would be granted permission for a two story L shape building containing a shop and residential space above it.
We feel that this property presents an excellent development opportunity to the discerning buyer whilst also garnering rental income from day one.
