Freehold development opportunity to extend an existing semi detached house and sub divide to create 5 x flats with 4 x parking spaces
Location
New Close is a cul de sac accessed via Phipps Bridge Road.
The area is residential and offers easy access to a number of retail shops and eateries popular with home buyers and tenants.
Accommodation
Total plot size: 364 sqm (3,918 sq ft)
Existing house GIA: 71 sqm (764 sq ft)
Proposed 5 flats GIA: 330 sqm (3,552 sq ft)
Terms
Planning - Merton borough Council on 2nd February 2023 granted planning for ...
Erection of a part single storey / part two storey rear extension, two storey side extension, rear dormer roof extension and conversion of house into 5 x self contained units with associated refuse / cycle storage, outside amenity space and 4 x off street parking spaces.
Services - Not checked.
Legal Expenses - Each party are responsible for their own legal expenses.
Terms - Offers in excess of £700,000 are invited for the Freehold with vacant possession.
The purchase of the SPV is also an option.