Sidcup – Freehold property comprising 12 self-contained flats with planning permission to build four additional flats

Stuart House, Sidcup

Description

A Freehold property comprising 12 self-contained flats with planning permission to build four additional flats

Offers in excess of £2,750,000, subject to contract.

■ Two Freehold buildings comprising 12 x one bedroom flats

■ Fully let subject to Assured Shorthold Tenancies

■ Total Current Rent Reserved: £141,420 pa

■ Estimated Rental Value: £151,200 pa (fully let at Market Rent)

■ No arrears

■ 12 off-street gated parking spaces

■ Flats constructed in 2018 subject to 10 year New Build Warranties

■ Planning permission granted in 2019 to provide a further 4 x two bedroom flats

■ Potential to comprehensively redevelop the site (subject to planning)

■ Located within 650m to Sidcup Train Station

Subject to contract