Property description

Belvoir Commercial bring to the market the Freehold of this mixed-use grade 2 listed property presently split into 2 commercial units, offices above and a 3 bed flat on the top floor (presently achieving £9600pa). Planning permission has been applied for, for the conversion of the upper floors (and an extension to the rear) into a total of 6 residential flats.

The property is presently achieving an annual rental income of £47,100 (6.78% yield), but if the conversion took place, this would increase to circa £84,000 once the flats were completed and rented.

This would be a fantastic opportunity for a developer to acquire a property with much of the planning work under way already.

For more information or to book an internal viewing, please contact the commercial team to arrange.

Property Features :

• FREEHOLD
• Planning for 6 flats applied for
• Development Opportunity
• Town Centre Location
• Mixed Use