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East Street, Epsom 3 bed development opportunity for sale
Features
- Three new rooftop apartments already approved
- A mix of one, two and three bedroom flats
- 209.8 sq m of consented new residential space
- Private balconies to all three new apartments
- Far-reaching views across Epsom and to London
- Excellent site for build to let investment
- Unique multi-generational living opportunity
- Planning consent granted until June 2027
- Freehold of 83 & 85 East Street included with £8000 income PA
- Build ready site, with new floor to be added to existing block
DESCRIPTION
A rare opportunity to acquire a consented residential development opportunity in central Epsom, together with the Freehold interest of 83 & 85 East Street in its entirety, including approximately £8,000 per annum in ground rent income from the existing 32 apartments and an interest in an area of the rear car park.
Planning permission has already been granted for the creation of three new apartments above the existing building, providing an attractive opportunity for a developer or investor to add significant new residential accommodation without the requirement for additional development land.
The approved scheme provides for the addition of a new rooftop floor containing a well-balanced mix of one one bedroom, one two bedroom and one three bedroom apartment, extending to approximately 209.8 sq m in total.
DESCRIPTION
A rare opportunity to acquire a consented residential development opportunity in central Epsom, together with the Freehold interest of 83 & 85 East Street in its entirety, including approximately £8,000 per annum in ground rent income from the existing 32 apartments and an interest in an area of the rear car park.
Planning permission has already been granted for the creation of three new apartments above the existing building, providing an attractive opportunity for a developer or investor to add significant new residential accommodation without the requirement for additional development land.
The approved scheme provides for the addition of a new rooftop floor containing a well-balanced mix of one one bedroom, one two bedroom and one three bedroom apartment, extending to approximately 209.8 sq m in total.
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