Description -

The building forms an end of terrace Regency building believed to have been built by Cubitt of London in the early 1800s. The property is a four storey Grade II Listed mixed use investment property with development potential by way of a lower ground floor flat conversion with full planning and listed building consent in place.

Planning Permission and Listed Building Consent were approved under planning references 15/06503/FUL and 15/06504/LBC for the ground and lower ground floors of the property. This has been implemented and the lower ground floor flat has been partly converted. Plans are available on request.

Accommodation -

Lower Ground Floor:

Partly converted vacant one bedroom flat. Natural light is provided by a lightwell to the front and rear.

Ground Floor:

Front - A nail salon which is let from 25th March 2019 on a five year term at a rent of £7,500 per annum. The lease is outside the 1954 Landlord & Tenant Act.

Rear - Two bedroom flat sold off on a 125 year lease from 2016 paying £100 per annum ground rent.

First & Second Floors:

Two bedroom flat sold off on a 125 year lease from 2016 paying £100 per annum ground rent.

Terms -

Our clients seek £225,000 for their freehold interest.

VAT is not applicable

Rateable Value -

The Valuation Office website indicates a 1st April 2023 Rateable Value of £5,700. Rate in the £ for 23/24 is 49.9p

Energy Performance Rating -

Commercial Unit - D-81
Ground Floor Flat - E-47
Top Floor Flat - D-58