PENN FREEHOLD MIXED USE INVESTMENT WITH POTENTIAL

The property comprises a ground floor currently in office use, divided into four areas including a kitchen and with a feature mezzanine office. There is a first floor flat, sold off on a long leasehold with approx. 99 years unexpired at a ground rent of £5 p.a. and our client wishes to retain a further corner office on a long leasehold basis. We believe the premises to have the potential for conversion into a single residential unit subject to a successful outcome of a Prior Notification under Permitted Development rules. Interested parties must take their own advice and satisfy themselves on this aspect.

The premises are located in a prominent position on the corner of Church Road and Elm Road (B474) in the centre of Penn. The location is predominantly residential, with some good pubs and a handful of useful shops. The B474 connects Penn with Beaconsfield and Hazlemere.

There is a guide price £425,000 for the freehold interest with vacant possession of the offices and the ground rent income only from the two long-leaseholds. For further details, or to arrange a viewing, please call Philip Marsh on 01494 683642 or e-mail philip@pmcd.co.uk

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