This Victorian built 3 storey freehold property will appeal to developers, investors & owner-occupiers. Planning permission exists to extend & convert across ground, first and second floors to create a two storey commercial unit, and two 1 bedroom flats (689sqft each) over first and second floors.
For developers and investors there is a planning consent ready to be implemented, we anticipate the finished commercial unit would rent for c.£55-£60,000pa, and each of the flats in the region of £1,150pcm. The planning consent allows for a large extension across ground, first and second floors, with much of the additional consented space allocated as commercial. With the established bulk and mass of the rear extension, there would seemingly be an opportunity for buyers to re-configure the current planning, and design a more efficient scheme with less commercial space, and further residential accommodation.
Owner occupiers will know that Church Street is an area that benefits from high levels of activity and footfall, not to mention it's only 50 yards away from both Surrey Street Market and Church Street tram stop. The building is located in a Conservation Area and is locally Listed. The property will offer buyers an opportunity to develop straight away, explore further planning potential, or use the building in its current form.
