This property presents a noteworthy investment opportunity, featuring a vacant ground floor retail space paired with upper-level residential accommodations currently licensed as a House in Multiple Occupation (HMO). The shop area includes essential facilities such as a shower room, WC, kitchen, and two additional rear rooms, all of which could be reconfigured to maximize the space's potential for various commercial uses, pending necessary planning approvals. There is also the added benefit of rear vehicular access leading to a yard area suitable for parking.
The upper floors consist of a self-contained flat designed for HMO purposes, which offers five letting rooms along with shared bathroom facilities. Given the proximity to several local colleges, this setup caters well to the demand for student housing in the area.
Situated on the bustling Finchley Road (A41) in West Hampstead, this location ensures high foot traffic and visibility. The property is part of a diverse parade on Burrard Road and benefits from on-street parking options as well as additional parking at the rear. Its advantageous location is complemented by nearby amenities such as fitness centers, supermarkets, and dining establishments, enhancing its appeal to both commercial tenants and residential occupants.
Transportation access is excellent, with both West Hampstead and Finchley Road stations just a short walk away, making commuting straightforward. The area also features Fortune Green open space nearby, providing residents with green space for leisure.
Additionally, there exists lapsed planning consent for a rear extension that could further enhance the property's value and usability. This mixed-use property presents a solid foundation for renovation or redevelopment tailored to current market demands.
For those looking to invest in an evolving neighborhood with significant rental demand and commercial potential, this property warrants serious consideration.
