DEVELOPMENT AND INVESTMENT OPPORTUNITY. PLANNING PERMISSION GRANTED TO SIGNIFICANTLY INCREASE SQ FOOTAGE. HIGH YIELD POTENTIAL. EXCELLENT CAPITAL GAIN OPPORTUNITY.
Planning application Ref. No: 23/P/00973
Currently set up as a licenced HMO with 5 Bedrooms, 1 Reception Room, small study/storage room, 1 Bathroom, Kitchen and utility area.
Tenancy ends in Summer of 2024 . Property could be re-let as is, for another academic year, at circa £3000pcm.
Planning permission to dramatically enlarge the square footage has been granted. Possibilities are converting to 4 flats, or up to 9-10 bedsits/studios which offers an exceptional yield.
Recently had loft and cavity wall insulation added to the current building.
EPC rating: D. Tenure: Freehold,