This property presents a notable opportunity located in the St Georges conservation area, just steps from the vibrant Cultural Quarter and Curve Theatre. Its strategic city-center positioning offers easy access to local amenities and public transport, making it a prime spot for future development.
Spanning approximately 8,785 square feet (816 sqm) across three stories, this substantial commercial building includes a basement and a garage, along with two dedicated parking spaces on a site measuring 226 sqm. The property features large floor-to-ceiling windows that enhance natural light and create an inviting atmosphere throughout its expansive interiors. With gas central heating and rear loading access, it is well-equipped for various uses.
One of the standout aspects of this property is its potential for renovation and investment. There is an encouraging pathway for converting the first and second floors into residential units, as well as the option to add three additional storeys, subject to planning permissions. Preliminary feedback from a pre-application submission indicates favorable prospects for these changes, supported by available documentation for review.
Currently occupied by tenants across multiple floors with diverse uses—ranging from a fitness studio to community space—the property generates a total rental income of £64,600 per annum. Existing leases are structured on an IRI basis and allow flexibility with tenant options in place.
Overall, this property not only offers immediate income through current leases but also significant potential for value enhancement through strategic renovations and reconfiguration into residential spaces in a sought-after location.
