Residential Development Under Offer
A Freehold block of 18 flats and commercial premises for sale.
Regent House is a six-storey block constructed circa 1930. The property is comprised of two retail units on the ground floor and two B1 units in the basement and there are 10 self-contained flats arranged over the first to fifth floor, one of which is held on a long leasehold with 32 years unexpired.
40 Drummond Crescent is a recent addition carried out at the rear of Regent House involving the construction of a new rear section to provide 40 Drummond Crescent. This rear structure provides an additional nine self-contained flats and includes the construction of a four person passenger which provides access up to the third floor.
Rent from residential flats
Currently Approximately £369,083 Per annum.
Rent from commercial units
Freehold interest to be sold subject to contract.