This property features two adjacent retail units with upper levels and a rear light industrial space previously utilized by the vendor. The site includes a parking area accommodating up to eight vehicles, alongside single-storey buildings and garages in a state of disrepair located at the back. In total, the buildings span approximately 8,150ft² on a site measuring 0.24 acres. Recent planning permission (reference 21/0586/FUL), granted on November 9, 2023, allows for the demolition of existing structures and the development of eight residential apartments (comprising five one-bedroom, two two-bedroom, and one three-bedroom units) along with 5,807ft² of commercial space. The project also entails an affordable housing contribution of £85,576 and a Community Infrastructure Levy (CIL) payment of £283,529.06. With the established principle for redevelopment, there is potential for alternative uses or even increasing the density of the proposed developments subject to obtaining further approvals. Currently, part of the property is generating income with Showprint renting at £15,500 per annum until June 30, 2029, under a lease with a mutual break option starting July 2025. Additionally, Kingston Laser Clinic is occupying another unit at an annual rent of £12,000 until January 31, 2029, also featuring a mutual break clause subject to proper notice. Both leases fall outside the protection of the Landlord and Tenant Act 1954 while other sections remain vacant.
