AN OPPORTUNITY TO PURCHASE A FULLY CONSENTED SMALL SCALE RE-DEVELOPMENT IN THE HEART OF SHEPHERDS BUSH
Rarely available development opportunity comprising commercial uppers with consent for 3 self-contained apartments. This is an outstanding development opportunity with a detailed consent in place until 1st May 2021 for the creation of 2 x 2 bedroom and 1 x 1 bedroom self-contained residential apartments.
This substantial flat fronted period building has secured planning permission in the London Borough of Hammersmith & Fulham (ref: 2017/00519/FUL and 2007/00520/FUL) for the conversion of the existing first and second floors and the creation of a further third floor to provide c.1,339 sq.ft. of private residential accommodation all above the soon to be opened extension to Co-Op within the adjoining building.
Local comparable sales indicate a Gross Development Value of c. £1,125,000 and a strong market for rental investment with potential Gross Yields in excess of 4%.
This development opportunity enjoys an enviable location between the junctions of Boscombe and Percy Roads, well located for the thriving business and retail district of Shepherds Bush and superbly located for the Westfield Shopping Centre and the wealth of public transport facilities close by.