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Town centre property offers development opportunity

Aug 7, 2017

Acting on behalf of the owners, Barker Storey Matthews is the sole agent under instruction to market the freehold sale of a three storey property in Ramsey, Cambridgeshire where the top floors have planning permission for conversion to residential use.

Town centre property offers development opportunity

The property is 3-5 Great Whyte, close to the junction of the High Street and in a prominent location on one of the market town’s main thoroughfares.

Out a total of 1,580 sq ft, there is a double fronted retail shop on the ground floor of 528 sq ft.  The remaining two storeys give a combined area of 1,051 sq ft and while, presently, offering office accommodation, it these two storeys which have planning permission for conversion to residential use as either one large or two smaller flats.  There is a separate entrance, to the rear, of the property which gives access to these upper floors.

The property is being offered for sale with vacant possession and is likely to appeal to local investors and developers, according to the agent.

Richard Adam, Director, Barker Storey Matthews, who is leading the marketing of 3-5 Great Whyte from the agent’s local office in Huntingdon, said, “It offers the opportunity to acquire a prominent and large, market town centre property.

“The ground floor shop could either be occupied by the purchaser or let out to a third party.  Similarly, the upper floors - which have the planning consent for conversion to residential use – could either be sold off or retained to let out.”

The property is being marketed with a guide price of £200,000.  Viewing is strictly by appointment through Barker Storey Matthews in Huntingdon.

For more information, contact Richard Adam, tel 01480 451578 or see www.bsm.uk.com.

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