An opportunity to purchase a consented basement development in a prominent location.
The freehold opportunity comprises basement space which is part of a three-storey Victorian building based on a quiet, residential street. The upper floors comprise of 6 flats which were all sold on long leases. The freehold collects £100 per annum in ground rent from one of the flats, while the rest of the flats are on a peppercorn rent.
The lower ground floor was formerly the building’s cellar and has been redundant for a number of years. The total size of the lower ground measures approximately 125.2 sqm and current access is via an external trap door along the building’s northeast flank elevation. The building is locally listed and sits within a conversation area.
We consider the site to appeal to local developers and investors alike. Offers in the excess of £150,000 are invited.
Contact Latif Acisu for more information.