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2 bed property

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2 bed property

High Street, Borough Green, Sevenoaks TN15
£275,000

Our Summary

  • A mixed use purchase with a commercial retail shop, was trading as a card / gift shop offering a good rental yield plus development of a further two storeys into two residential one bedroom apartments that have planning approval
  • Planning has been granted for the residential development of the two floors above to be converted into two individual one bedroom apartments, the smaller over one floor and a duplex apartment to the upper floor to incorporate the loft space
  • The current approved planned development can be found at Tonbridge & Malling planning portal ref 23/03052
  • The plans are as follows, the retail frontage will remain as it is with an extension to the rear offering an opportunity to extend the shop area and or offer better storage for commercial purposes
  • Multiple development options subject to planning amendments
  • Planning approval ref 23/03052 for Extension to Rear and Development Above

Description

This property presents a unique opportunity to purchase a mixed-use development with both short-term rental income and long-term potential for residential growth. The current commercial space, formerly a gift shop, offers a good rental yield, while planning approval has been granted to develop the two upper floors into two one-bedroom apartments. The apartments will be situated in a prime location on Borough Green High Street, close to a mix of shops, restaurants, and amenities, as well as the mainline train station to London. The development plans include extending the retail space, creating a better kitchen and bathroom, and adding an external staircase to access the residential areas. The first-floor apartment will have a modern open-plan layout, while the second-floor duplex apartment will feature a spacious open-plan living area, kitchen, and bedroom with ensuite shower facilities. The property's location offers easy access to London and surrounding areas, making it an attractive investment opportunity.