Located on a prominent corner site in Penge, this property represents a unique opportunity for development or refurbishment. Previously granted planning permission for a two-storey rear extension, the potential to create four two-bedroom flats with three dedicated parking spaces exists (pending renewal of consent). Spanning over 2,000 sqft, the building is currently configured with two commercial units on the ground floor and a spacious two-bedroom flat alongside a generous three-bedroom flat above. This mixed-use setting, combined with its strategic location just moments from local amenities and Kent House station, enhances its appeal for investors and developers alike.
The rear garden offers additional possibilities for residential enhancement or future development, also subject to necessary permissions. Notably, the property includes advertising billboards which generate an additional income stream of £2,500 annually. Given its size and income potential, this site is well-positioned for significant value maximization through redevelopment or continued investment.
Local amenities are abundant within a short walking distance, and with excellent transport links into central London via Kent House station (approximately 0.4 miles), this location caters well to residents and businesses alike. Nearby schools and recreational green spaces further enhance the attractiveness of this area.
