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High Street, Borough Green Sevenoaks... Residential development for sale
High Street, Borough Green Sevenoaks TN15
£275,000
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
- Proposed Developement - 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 yield. The current commercial retail shop, previously a gift/card shop, offers a good rental yield, while planning approval has been granted to develop the two floors above into two one-bedroom apartments. The property is situated on an active High Street in Borough Green, close to a mix of shops, restaurants, and amenities, including a mainline train station with services to London Victoria and Charing Cross within 40 minutes. The proposed development includes an extension to the rear of the shop, creating a larger kitchen and bathroom area, as well as a small contained rear yard and external staircases to the two residential apartments. The apartments will offer modern open-plan living, kitchen, and bedroom areas, with the top apartment featuring a large dormer window and a spacious open-plan living/dining room.