An opportunity to acquire two adjacent period Victorian properties with many original features. Arranged over lower ground, upper ground and first floors the buildings provides c.2,823 sqft of existing accommodation. The properties are currently connected via a door at upper ground floor level
The property is currently arranged as 4 self-contained units / flats plus offices as follows:
A - 16 (right) lower ground - shared flat for two people, self-contained with own entrance from front at lower ground level.
B - 18 (left) lower ground - flat for one person, self-contained with own entrance from front at lower ground level.
C - 16 (right) upper ground and first floor - shared flat for two people, self-contained with access from front at upper ground level.
D - 18 (left) upper ground - two offices plus office & w/c with entrance from front at upper ground level.
E - 16 and 18 first floor - shared flat for two people, self-contained with entrance from front at upper ground level.
There is a private courtyard associated with each of the lower ground flats.
We understand the property was originally built as two separate houses.
The entire property is let at a rent of £8,562pa. This is a nominal / low rent and well below market value. The lease which was entered into on 28th March 2021 runs until 31st March 2022 after which it is possible to secure vacant possession at nil cost. The lease is outside the L&T Act. The tenants will not be renewing the lease.
The property offers potential to retain as a HMO type set up or, more likely, convert into residential use where it could be split / converted into two houses or flats. Other similar properties in the area have been converted with 1 x 1 bed flat with own entrance at lower ground floor and then a large split level 2 bed flat with own entrance at upper ground and first floor level. There is also potential (stpp) to add an additional floor of accommodation by going into the loft with a dormer to the rear.