Viewing: 01384 397797
Retail / A3 / Residential / Offices / Investment / Development Opportunity
The property currently comprises an extensive double retail unit with two one bedroom flats above (Let). The retail unit extends into an attached two storey building currently utilised for offices and workshop this is accessed via Victoria Road and has parking for approximately 7 vehicles - this has a lapsed planning consent for conversion to 2 flats (P13/0867 dated October 2013)
The main retail unit has planning consent for change of Use from the current A1 retail to A3 Restaurant / cafe. (P16/1125 dated May 2016 - by Appeal)
The connecting single storey unit is capable of extension to form first floor residential uses - subject to Planning Consents.
▪ Retail / Restaurant / Showroom
▪ Residential conversion of Victoria Road
▪ Office Conversion of Victoria Road
▪ Residential Conversion with small retail units
▪ Splitting Site into 2 separate properties
We understand the property is freehold. The two one bedroom flats are let on Assured Short hold Tenancies to established Tenants of 3 years plus at £375 per calendar month each (total annual rental = £9,000)
The properties are subject to Business Rates. The current rateable values (2017) are £10,750. The Flats are both Council Tax Band C Any prospective purchaser should confirm rates liability with the Local Authority.
Offers are invited in the region of £350,000 for the freehold interest, subject to contract only.