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FANTASTIC DEVELOPMENT OPPORTUNITY TO CREATE THREE SEPARATE THREE BEDROOM APARTMENTS IN THE HEART OF THE HYDE PARK DISTRICT. WILL RETURN A GREAT YIELD.
Situated in the heart of Hyde Park, 32-34 Harold Place is a fantastic investment opportunity with planning to convert a ground floor 900sqft commercial unit into a three bedroom flat and the first and second floors into two further three bedroom flats, each 900sqft. There is also an additional 900sqft basement which could easily gain planning for the same. These possible self-contained, three bedroom flats will roughly cost £75,000 and once converted could gain you £150,000 each flat.
This pre 1970 property, offers spacious lounge and kitchen areas and is also a short walk away from local amenities such as Brudenell Social Club and Hyde Park Picture House, making it excellent for student accommodation and has an estimated yield of 7.4%. Full planning permission has been granted for all but the basement and detailed plans are available upon request.
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