Investment Properties: 33 Park Road, Bushey, Hertfordshire, WD23

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33 Park Road, Bushey, Hertfordshire, WD23

Guide Price £1,800,000 - Available to be purchased as individual elements or collectively

  • 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.