AN END OF TERRACE MIXED USE PROPERTY ON A VERY LARGE PLOT WITH POTENTIAL FOR DEVELOPMENT
The property comprises a vacant ground floor shop, a let first floor 1 bed flat, and ample space to the rear featuring a storage unit currently let. With new legislative changes the ground floor can be converted to residential under permitted development subject to prior approval from the council. The vendor previously had architects drawings produced, please see lot pictures. Buyers are encouraged to rely on their own enquiries on this matter. There may also be potential to develop the land at the rear subject to obtaining all necessary consents.
The First Floor Flat is currently let and producing £850pcm. The Ground Floor Shop was previously agreed to let at £800pcm. The storage unit to the rear is currently let and producing £100pcm. Please see the legal pack for details.
Lampits Hill is a popular street providing local shops and amenities. The A13 is just over a mile distant providing access to London. There are several green spaces and sports facilities within walking distance.
Energy Efficiency Rating (EPC)
Current Rating Shop- C Flat- F
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.