- An exciting opportunity to acquire an existing residential block and office building with planning consent for residential development, within close proximity of High Street, Bushey.
Front Residential Building
- The front building comprises 3 self-contained flats (2 x 1 bed and 1 x 2 bed).
- There is potential to infill the roof area of the front building and extend the side addition upwards to the line of the adjacent property.
- Total existing income is £21,000 pa + 1 vacant.
Rear Office Building
- Existing rear office building totalling 2,569 ft2 with planning permission to convert and extend to 7 x 1 bed flats.
- Net saleable area of new flats: 4,262 ft2.
- The redevelopment of the rear building will include 8 off-street car parking spaces.
- Gated and exclusive development.