ENTER Indicative Visualisation Residential Development Opportunity For Sale
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY Vacant former guest house (C1 Use Class) extending to circa 5,478ft 2 and car park situated on a site of 0.22 acres Planning permission for conversion and extension of the existing building to provide 8 residential apartments (1 x 1 bed & 7 x 2 bed units), all for private sale Located in the affluent town of Maidenhead, within walking distance of the town centre and Maidenhead (Crossrail) Station Offers invited in excess of 1,750,000 for the freehold interest
DESCRIPTION & LOCATION HOME SUMMARY DEVELOPMENT TERMS DESCRIPTION The property comprises a 3-storey former guest house (C1 Use Class) extending to circa 5,478ft 2 and car park for 10 vehicles, situated on a site area of approximately 0.22 acres. The property was built in the early 1900 s in Edwardian style. Access to the site is currently taken from two entrances on Boyn Hill Avenue. The property is bounded by residental dwellings to the north and east, with Boyn Hill Avenue to the south and Boydon Road to the west. LOCATION The property is located in the affluent town of Maidenhead, within The Royal Borough of Windsor and Maidenhead. The immediate area comprises mainly residential uses, with the nearest shops and amenities located on Bath Road, a short walking distance (circa 0.2 miles) to the north of the site. More substantial retail offerings including boutique shops, restaurants and Marks & Spencer are available in Maidenhead town centre, approximately 0.7 miles from the site. Maidenhead Station is located approximately 0.6 miles from the property (circa 12 mins walk) providing frequent Great Western Railway services to Central London, including London Paddington in under 1 hour. Maidenhead Station will operate Crossrail / Elizabeth Line services from December 2019.
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE The property benefits from detailed planning permission, granted 23rd January 2017 (ref: 16/02277/FULL) for the change of use of the guest house to residential use to provide 1 x 1 bed and 7 x 2 bed flats, including a 2-storey rear extension and alterations and extensions to the roof. All units are for private sale with no Section 106 obligations. There is a CIL liability of approximately 20,000. The property has been stripped out and footings are in place for the extensions. Furthermore, a full set of architectural and engineer drawings have been prepared and applications for discharge of pre-commencement conditions have been submitted, allowing for an immediate start on site. Unit Floor Description GIA ft 2 GIA m 2 1 Ground 2 Bedroom Apartment 893 83 2 Ground 2 Bedroom Apartment 764 71 3 Ground 2 Bedroom Apartment 850 79 4 First 2 Bedroom Apartment 710 66 5 First 2 Bedroom Apartment 775 72 6 First 2 Bedroom Apartment 840 78 7 Second 2 Bedroom Apartment 861 80 8 Second 1 Bedroom Apartment 721 67 Total 6,415 596 Proposed Floor Plans GROUND FIRST SECOND
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold freehold and subject to vacant possession. VAT The property is not elected for VAT. TERMS Offers are invited in excess of 1,750,000. ADDITIONAL INFORMATION Further information including planning and legal documents are available within our dataroom using the access code Maidenhead. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Paul Heale 020 7183 2529 paul.heale@kingsbury-consultants.co.uk Joe Goldsmith 020 7183 2529 joe.goldsmith@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.