An opportunity to acquire a 4 storey mixed-use freehold building which comprises a ground floor (E Class) commercial unit and a very large 1,330 sqft self-contained 3 bedroom flat across first, second and third floors. Currently the flat is accessed from the rear, however, we believe there is scope to provide access from the front, and re-configure / develop the upper parts in order to create multiple dwellings or a large HMO (STPP).
It would also appear there is potential to optimise the commercial space bearing in mind the unit measures approx. 1,180 sqft, with a large proportion to the rear which has previously been used as storage. The property has vehicular access to the rear, and there are 2 allocated car parking spaces.
Whilst there appears to be potential to re-develop the upper parts, we also believe this property will appeal to owner occupiers who may want to open a business from the commercial unit and rent out or occupy the flat above.
The commercial unit now benefits from the new 'E' use class, meaning it will be suitable for a variety of businesses which will include, retailers, restaurants and office users to name a few. This is also worth bearing in mind for investors, as there will now be a greater variety of tenants who would be well suited to rent the property.