This property presents a compelling investment opportunity with approved planning for seven apartments alongside a substantial commercial unit, totaling an impressive 7,524 square feet. The ground floor offers approximately 2,135 square feet of commercial space, while the upper floors provide around 2,752 and 2,637 square feet for residential development. Located in a bustling area with high foot traffic and visibility, this site is primed for a variety of uses—from retail to hospitality—and is strategically positioned to capture interest from locals and visitors alike.
The current planning scheme includes plans for six studio apartments and one two-storey one-bedroom unit, providing potential investors with ready-made rental solutions. Additionally, there's room for further development which could enhance the residential offering or explore opportunities for larger HMO projects (Subject To Planning Permission), potentially increasing gross development value significantly.
With an EPC rating of D, there may be some energy efficiency improvements required. This property’s blend of prime location and versatile space offers excellent potential ROI for developers and those looking to diversify their portfolios. Don’t miss this chance to invest in a high-demand area with growth prospects.
