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68-70 Bovill Road, Forest Hill, London
£1,500,000

Our Summary

  • A rare opportunity to acquire this unique investment opportunity, which is currently two vacant freehold buildings with garages to the rear
  • The site benefits from planning consent (REF: DC/21/124742) to convert/extend the existing buildings into 5x flats (1x 1-bed, 3x 2-beds, 1x 3-beds) with the garages to the rear to be demolished, to allow for the construction of a 3-bedroom end of terrace dwelling/house
  • Vacant Development Site with Planning (REF: DC/21/124742)

Description

This unique investment opportunity presents a rare chance to acquire two vacant freehold buildings with garages to the rear, currently arranged as four flats. The site has planning consent to convert and extend the existing buildings into five flats, with the garages to be demolished to make way for a three-bedroom end-of-terrace dwelling. This offers multiple exit strategies, including developing and reselling the entire site, retaining the site, or building the house to the rear and selling it on the open market while retaining the flats as an investment. The property provides opportunities to sell as an investment building or break up the flats individually in the future.