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Parish Lane, London, SE20 5 bed block of apartments for sale
Parish Lane, London, SE20
£900,000
Parish Lane, London, SE20
£900,000
Our Summary
- Guide Price £900,000Situated on a prominent corner plot in the heart of Penge, Parish Lane presents a rare and exciting development opportunity (STPP)
- With its mixed-use configuration and prime location, the property offers strong potential for redevelopment, refurbishment, or ongoing investment
- To the rear of the property is a garden space that could be enhanced for residential use or future development potential, subject to necessary consents
- The combination of size, location, and income stream makes this an appealing proposition for developers, investors, or owner-occupiers seeking to maximise value
- Development opportunity
Description
This mixed-use property in Penge, London, presents a rare development opportunity with a guide price of £900,000. The property spans over 2,000 sqft and features two commercial premises on the ground floor, with two spacious flats above. With its prime location, the property offers strong potential for redevelopment, refurbishment, or ongoing investment. The site also benefits from a garden space and advertising billboards, providing an additional income of £2,500 per annum. The property is well-located near Kent House station, local shops, and amenities, and is served by several local schools. With its size, location, and income stream, this property is an appealing proposition for developers, investors, or owner-occupiers seeking to maximize value.