28 Bellegrove Rd
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28 Bellegrove Rd
1,056 SF Office Building Welling DA16 3PY $869,680 ($824/SF)
Investment Highlights
- Rear yard
- Full planning permission for mixed-use development
- 'High Street' location close to station
Executive Summary
An attractive opportunity to acquire vacant offices and yard with full planning permission for the construction of a new mixed-use building. Prominently positioned in a highly accessible location, the recent consent provides for the clearance of the existing buildings and development of a new four storey block comprising a flexible E class unit, one 1 bedroom and five 2-bedroom flats. The finished units are ideal for first time buyers, or alternatively the project will appeal to investors for longer term rental.
The subject property is prominently positioned on the northern side of Bellegrove Road (A207) on the corner of Deepdene Road. Bellegrove Road serves as Wellings ‘High Street’ and is home to big-name operators including Tesco, McDonalds and Acorn! Welling Station is within 0.4 miles and offers regular services to London Bridge and Charing Cross, whilst several local bus routes stop along Bellegrove Road.
Full planning permission was granted by Bexley Council on 6th December 2022 under ref: 22/02533 for the “demolition of existing building and erection of part 2/part3/part 4 storey mixed-use building incorporating commercial space (E class) at ground level plus 6 residential units.
The subject property is prominently positioned on the northern side of Bellegrove Road (A207) on the corner of Deepdene Road. Bellegrove Road serves as Wellings ‘High Street’ and is home to big-name operators including Tesco, McDonalds and Acorn! Welling Station is within 0.4 miles and offers regular services to London Bridge and Charing Cross, whilst several local bus routes stop along Bellegrove Road.
Full planning permission was granted by Bexley Council on 6th December 2022 under ref: 22/02533 for the “demolition of existing building and erection of part 2/part3/part 4 storey mixed-use building incorporating commercial space (E class) at ground level plus 6 residential units.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,056 SF
Building Class
C
Year Built
1980
Price
$869,680
Price Per SF
$824
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
600 SF
Parking
1 Space (0.95 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Convenience Store
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28 Bellegrove Rd
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