Overview
- Updated On:
- 22 October 2024
- Property ID
- 21395
- Not Available Garages
Description
This property is an exceptional investment opportunity in the heart of a thriving community. Currently operating as a fully licensed House in Multiple Occupation (HMO) that does require some works, this property boasts not only its existing potential but also a strategically positioned parcel of land at the rear, primed for development.
What sets this property apart is the outline planning permission secured for a contemporary block featuring 22 one-bedroom apartments. Of these, 18 offer a spacious 50 square meters of living space, while the remaining 4 are thoughtfully designed at 45 square meters. The planned apartments promise modern living arrangements, catering to the demands of today’s discerning residents.
Moreover, the neighbouring property presents a unique prospect for those seeking a more expansive development. With the adjacent property currently listed for sale, there exists a promising opportunity to acquire both residences and amalgamate the land. This prospect opens the door to a comprehensive redevelopment strategy, potentially involving the demolition of the existing structures and the creation of a new, unified property—all, of course, subject to planning permissions.
This comprehensive vision aligns with the evolving needs of the community and is a testament to the strategic foresight embedded in this offering. As the market continues to demand innovative housing solutions, this property stands as a canvas for a visionary investor or developer to leave an indelible mark on the local landscape.
For those with the ambition to redefine urban living in this sought-after location, this opportunity beckons. seize the moment and explore the endless possibilities that await an investment poised to shape the future of property development in this vibrant community.
Features
- Active HMO
- Outline planning for 22 modern 1-bed apartments
- 18 units: 50 sqm
- 4 units: 45 sqm
- Potential acquisition of neighbouring property
- Opportunity for comprehensive redevelopment
- Subject to planning permissions (STP)
