Occupying a significant corner plot in Penge, this property on Parish Lane is an appealing opportunity for developers and investors looking to capitalize on its potential. Previously, planning permission was secured for a two-storey extension aimed at converting the building into four two-bedroom flats with three designated parking spaces, though this consent has lapsed. Spanning over 2,000 sq ft, the structure currently houses two commercial units on the ground level alongside a spacious two-bedroom flat and a large three-bedroom flat above. The mixed-use nature adds versatility for future redevelopment or refurbishment endeavors.
At the rear, there is a garden area ripe for enhancement or possible development—subject to obtaining the necessary permissions. Additionally, this site generates supplementary income from advertising billboards amounting to roughly £2,500 annually. The strategic location ensures easy access to local amenities and transport links; Kent House Station is a mere 0.4 miles away, providing direct connections to Central London.
This property not only offers significant space but also represents a unique investment opportunity for those interested in maximizing its value in a thriving area.
