This property consists of four interconnected buildings situated prominently on a corner lot. The main structure facing London Street features three stories with painted and rendered walls, topped by a pitched roof. Along the May Place side, you will find three additional two-story buildings, one of which includes a basement, all also crowned with pitched roofs. At the rear, there is a more contemporary single-storey extension featuring a flat roof.
Currently operating as 'The Royal Exchange,' this hospitality venue presents a unique opportunity for renovation or repurposing due to its substantial footprint and versatile layout. The potential for extension and conversion exists, pending necessary approvals, making it ideal for various uses tailored to market demand. Multiple external entrances enhance accessibility and provide options for mixed-use developments.
The property also has the added benefit of two existing residential units—one two-bedroom and one one-bedroom apartment—which could serve as income-generating assets while you consider future plans. Additionally, the current hospitality operation holds a late license for both alcohol service and live music, further increasing its appeal.
Furthermore, there is an outdoor space that has received local authority approval, along with secured grants earmarked for enhancements to both the front elevation and outdoor areas. The property offers vacant possession upon sale, allowing for immediate reimagining of its use. For those interested in separate acquisitions of the front and rear structures, individual pricing can be accommodated upon request. This presents an exceptional investment opportunity in a dynamic location with significant redevelopment potential.
