Prime Freehold Investment Opportunity: Block of 6 Apartments + Planning for 4 Additional Units

An exceptional investment opportunity to acquire the Freehold of a substantial detached block. This property offers massive potential, featuring six established 2-bedroom apartments and granted planning permission for further expansion.

Existing Accommodation
Residential Units: 6 spacious 2-bedroom apartments.

Parking: Generous parking area located to the rear of the property.

Garages: 6 private garages, currently designated to the existing long leaseholders.

The Opportunity
This property offers a combination of immediate ground rent/service charge income and a high-yield development play. Located in a sought-after residential area, the site is primed for immediate expansion. 

Development Potential: Full Planning Permission Granted for an additional 4 x 1-bedroom apartments, with each new unit designed to include a separate home office/study, specifically catering to the high demand for "work-from-home" flexible living spaces, significantly increasing the site's capital value. The new flats will have the same floor plan as the others below, so can easily be changed to 2 beds. 

Lease & Income Profile
The block is managed with a clear and structured leasehold schedule:
Flats 1, 2, 5 & 6 have 199 year leases from 25th Dec 1977 with a ground rent of £25.00 per annum
Flats 3 & 4 Extending to 999 years (In Progress) with a ground rent of £25.00 per annum
Total Ground Rent: £150.00 per annum.

Service Charge & Management
The building operates under a transparent service charge structure, ensuring the fabric of the property is well-maintained:
Budget (YE 31/12/25): £10,150.00
Apportionment: Split equally across the 6 existing units (£1,691.67 per flat).

Investment Highlights
Freehold Interest: Full control over the land and building.
Planning Uplift: Planning to add four modern 1-bed units.
Minimal Ground Rent Risk: Low, fixed ground rents make these units highly attractive to mortgage lenders and future leaseholders.

Documentation: Full planning documents, floor plans, and existing lease copies are available upon request.

This is an ideal acquisition for developers looking for a project or long-term investors seeking a freehold block with "built-in" growth.

Contact us today for any further information. RX771323