Residential Development, The Grove, Headley Road, Grayshott, Hindhead, GU26 6LE

The Grove is a large single building situated on the very popular shopping and transport route of Headley Road, Grayshott, currently the ground floor of which consists of 3 retail units which face the main parade and are rented to blue chip tenants including a Sainsburys Local. There are also 2 ground floor residential flats accessible from the rear of the building.

The first floor consists of 11 residential flats all currently occupied. All residential and retail units are sold off/owner occupied on long leases.

There is planning consent (Planning No. EHBC 23167/023) to develop the currently empty pitch roof space above the first floor to incorporate an additional 7 x 1 bedroom flats, some of refreshingly large dimensions. All have an allocated parking space. Total development 7 x flats and circulation/hall space 6,900 sq ft.

Freehold block with planning permission for airspace development. The ground floor commercial space and existing residential flats have been sold off on long leases and are currently providing ground rent income of £1,535 per annum.

Location

Situated on the very popular shopping and transport route of Headley Road, Grayshott.

Accommodation

Size - 6,900 sq ft

Terms

Tenure - Freehold

Price - £450,000