Available
Billericay – HMO Building with Planning for 20 Apartments and 4 Houses
7 Stock Road, Billericay, Essex CM12 0ADFreehold HMO Licensed Building with Redevelopment Opportunity
Price
£2,950,000
Rent P.A.
Vacant
Tenure
Freehold
Area
4,000 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- VAT is NOT applicable to this property
- SPV can be acquired to minimise stamp duty
- Comprises two-storey HMO licensed building on a plot of 0.52 acres
- Property benefits from 11 parking spaces and large garden at rear
- Planning committee voted to pass planning subject to s106 agreement on 13th November 2024 for demolition of existing building and erection of a four-storey residential block of 20 Apartments and 4 x 3-Bed Houses
- Total proposed residential area: 1,570 sq m (16,924 sq ft)
- No CIL payment
- S106 contributions: £111,000
- Affordable Housing Contributions: £75,000
- Situated within 1 minute walk to Billericay Train Station and High Street with occupiers nearby including KFC, Waitrose, Halifax and more
- Billericay Train station provides direct services to London Liverpool Street with average journey time of 35min and a total of 63 trains per day.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises detached two-storey building on a plot of 0.52 acres. The property benefits from 11 parking spaces at front and large garden at rear, suitable for various residential/commercial re-development schemes.
Development Opportunity:
Planning Ref: 23/01563/FULL Link to Planning Application
Planning committee voted to pass planning subject to s106 agreement on 13th November 2024 for demolition of existing building and erection of a new four-storey residential block of 20 Apartments (10 x 1-Bed, 9 x 2-Bed, 1 x 3-Bed) and 4 x 3-Bed Terraced Houses,
Development Opportunity:
Planning Ref: 23/01563/FULL Link to Planning Application
Planning committee voted to pass planning subject to s106 agreement on 13th November 2024 for demolition of existing building and erection of a new four-storey residential block of 20 Apartments (10 x 1-Bed, 9 x 2-Bed, 1 x 3-Bed) and 4 x 3-Bed Terraced Houses,
Location Description
Billericay is situated in the South-East Essex Area approximately 35 miles east of central London and 10 miles distant of the M25 and national motorway network accessed via the A127 Arterial Road which provides direct links to the A12. Billericay has a main line railway station providing services to the City. The property is situated within 1min walk to Billericay Train Station and High Street with occupiers nearby including KFC, Waitrose, Halifax, Restaurant`s and many more. Billericay Train station provides direct services to London Liverpool with average journey time of 35min and a total of 63 trains per day.