44 Formosa Street
Maida Vale
London
W9 2JP
Malvern Road, London
£2,500,000
7 Bedroom House - End Terrace
- A rare opportunity to acquire a prominent corner freehold commercial and residential building extending to approximately 4950 sq ft arranged over lower ground, ground and two upper floors.
- Planning approved extending to 6,300 sq ft. Transforming into an HMO of 17 units.
- Attractive to investors and developers, with potential to reposition the asset depending on end-use strategy.
- Residential sold with Vacant Possesion
- Ground Floor is a commercial unit currently rented by Ladbrokes. Income of £24,000 per annum, 5 Year Term - 3 Year Break Clause (May only be activated by the lessee)
- Price: £2,500,000, for the Freehold interest.
- Property held in an independent SPV
A three-storey end of terrace building with basement located on the western side of
Malvern Road at the junction with Shirland Road. There is a shop at ground floor level
with residential accommodation on the upper floors. The existing upper floors currently
comprise four residential units (three of which are self-contained and one of which has a
bathroom off the hallway).
The property further benefits from planning "Two-storey infill extension fronting Shirland Road, mansard roof extension, creation of lightwell to Malvern Road, alterations to fenestration, and internal reconfiguration to provide a large HMO (Sui Generis Use)”.
The property is also held in an independent SPV.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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