Acquired
East Grinstead – Conversion of Retail to 4 x 1-Bed Flats
31 North End, London Road, East Grinstead, West Sussex RH19 1QJFreehold Residential Development Opportunity
Investment Consideration
- Vacant possession and development opportunity
- Currently an empty building
- Prominent location within walking distance of East Grinstead Town Centre
- Planning approved on 15th January 2020 for the conversion of the ground floor retail unit to form 3 x 1 bed flats, while retaining the 1 bed duplex on 1st and 2nd floor
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The premises comprise a ground floor retail which had been configured to provide two main retail areas with a large covered storage area to the rear. The property benefits from rear access and provides space to park two vehicles at the front. The upper parts had been refurbished within the previous 18 months and provides a kitchen and lounge at first floor level with the bedroom on the second floor.
Planning Approved for the Ground Floor Conversion from Retail to Residential:
Planning Reference No: DM/19/4858
Mid Sussex District Council Portal
Decision Date: 15th January 2020
Development Deadline: within 3 years from approval date
Planning Approved for the Ground Floor Conversion from Retail to Residential:
Planning Reference No: DM/19/4858
Mid Sussex District Council Portal
Decision Date: 15th January 2020
Development Deadline: within 3 years from approval date
Tenancy Description
Vacant possession and development opportunity
Location Description
The property is located in a prominent position fronting the London Road which forms one of the main roads into East Grinstead. East Grinstead has an excellent selection of shops, cafes and restaurants together with a cinema and multiple supermarkets. The town benefits from excellent road and rail connections being on the A22 with Junction 6 of the M25 10 miles to the North and the M23 7 mil es to the West. East Grinstead Railway Station provides regular services to Croydon and London Victoria.
