Formerly a commercial unit on the ground floor and residential on first floor, this versatile property is poised for modernisation and refurbishment (subject to necessary planning permissions). The property is currently tenanted and is to be sold with the tenant in situ with a monthly passing rent of £500 for the whole property. The vendor has advised that the property has been used as commercial (children's nursery) on the ground floor and residential on the first floor for many years. The lease was originally granted for five years from 1st April 2015 so the tenant is currently overholding.

This mixed-use, two storey, freehold building presents an excellent opportunity for the investor, with superb potential to develop further subject to planning permission and building regulation approval. The hall floor apartment comprises a living/kitchen/dining room, cloakroom, storeroom, four bedrooms and two bathrooms, with a private entrance. The apartment is being sold with the tenant in situ (monthly passing rent of £1000.00). The lower ground floor former restaurant and takeaway premises comprises a serving area, restaurant area, kitchen, two storerooms and W/C facilities and is sold as seen with all items included, including the kitchen equipment.

Draft planning permission has already been approved for the development of x 40 residential apartments, x 4 ground floor retail units, and x 10 parking spaces. Full planning permission is pending subject to registration with land registry. EPC rating C66, the vendor has advised that business rates have been removed and the sale price is subject to VAT.

A rare and exciting opportunity to acquire a mixed-use, two storey, freehold building, comprising a four bedroom residential apartment and former restaurant and takeaway premises. The apartment is being sold with the tenant in situ. A new six month tenancy will be created upon completion with a monthly passing rent of £1000.00.