Botolph Alley, EC3R 8DR. £1,150,000 (subject to contract).
Botolph Alley, EC3R 8DR.
Conversion / Development Opportunity.
Located in the City moments from The Monument and The River Thames is an existing freehold building comprising sandwich bar and serviced offices over ground and four upper floors.
Planning was granted in September 2005 - "change of use from offices (Class B1) at ground floor (part) and 1st to 4th floors, together with construction of a new 5th floor, to provide 4 no. residential units (Class C3)."
The flats will benefit from a separate front entrance to that of the sandwich bar and will be served by the existing lift.
The proposed flats comprise 2 x studios, 2 x 1 bedrooms and a 1 x 2 bedroom duplex with terrace.
We understand from, discussions with local agents that resales of c£750 - £850 psf are achievable which would equate to c£2.1m plus the sandwich shop.