£140,000 Guide price
***DEVELOPMENT OPPORTUNITY*** Property benefits from full planning for the conversion into 6 residential apartments.At present the property comprises ground floor of 2562 (237.99 sq. M) of which the former bank premises occupied an area on the ground floor extending to 1,990 (184.89 sq.M). The upper floors are currently disposed as office accommodation with full planning (ref:15/01132/full) and listed building consents (ref: 15/01132/lbc) for the alteration to form four residential flatted dwellings. The first and second floor office accommodation in total extends to 3,351sq.Ft (311.28 sq.M). This could be an outstanding development opportunity and the seller has advised that the anticipated values of the "first and second floors" comprising the four flats that planning permission has been granted for delivers a potential value of £356,000 and the ground floor premises can either be utilised as a fully commercial / retail unit or have an indicative redevelopment of two x 2 bedroom flats with approx 800 sq ft of commercial/retail space. The redevelopment value of the mixed commercial /residential gf would be approx £230,000 giving a potential overall value of £586,000.
This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.
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