>
Land for sale
Chalvey Road West, Chalvey, Slough, Berkshire, SL1
£699,000
Chalvey Road West, Chalvey, Slough, Berkshire, SL1
£699,000
Our Summary
- This freehold development, situated in the heart of Chalvey close to Slough Town Centre, offers an excellent opportunity for investors/developers
- The commercial units are on 125-year leases, while the residential flats benefit from 999-year leases with a peppercorn ground rent, presenting an attractive long-term investment and potential for future value growth
- In addition, the development has received planning permission for future expansion
- A three-story side extension has been approved, allowing the construction of three additional one-bedroom flats, with further potential for even more units (subject to planning with local authorities), which enhances its appeal
- This opportunity is ideal for investors/developers seeking to capitalize on a developing area with significant potential for growth and development
Description
This freehold development in Chalvey, Slough, offers an excellent opportunity for investors and developers. The property consists of three commercial units and 19 residential flats, with 17 already sold off. The remaining two one-bedroom penthouse flats are rented out under Assured Shorthold Tenancies. The commercial units are on 125-year leases, while the residential flats have 999-year leases with a peppercorn ground rent. The development has received planning permission for a three-story side extension, allowing for the construction of three additional one-bedroom flats, with potential for further expansion. The location is highly accessible, with excellent transport connections and nearby shopping centers, making it an attractive long-term investment with potential for future value growth.