Block of flats for sale in Wolsey Road, Ashford TW15

The Old Watch Factory is a modern contemporary designed two storey block of nine self-contained flats built in circa 2020.

Three of the flats have been sold on long leases and are not included within this sale.

The remaining six one-bedroom flats are all currently let on Assured Shorthold Tenancy Agreements generating a Gross Income of £81,660 per annum.

In addition, the sellers have secured full planning permission for the addition of a second storey three bedroom self-contained flat. Granted on the 8th November 2021 by Spelthorne Borough Council the proposed new dwelling as detailed within Planning Application Reference: 21/01361/ful is circa 1,094 sq/ft and features three-bedrooms and includes one off-street parking space.

The proposed scheme as detailed within Planning Application Reference: 21/01361/ful is liable to pay £18,297 of Community Infrastructure Levy to Spelthorne Borough Council as detailed within the cil Liability Notice.

The sellers have applied to discharge Condition 4 of Planning Application Reference: 21/01361/ful and are currently pending determination from Spelthorne Borough Council. Condition 4 states that following construction of any groundwork and foundations, no construction of development above damp course level shall take place until a report is submitted to and agreed by the Local Planning Authority which includes details and drawings demonstrating how 10% of the energy requirements generated by the development as a whole will be achieved utilising renewable energy methods.

Located within 400 metres of Ashford town centre which features a plethora of local shops and within 450 metres of Ashford railway station which provides direct trains to London Waterloo and Windsor.

Please note the CGI images are for illustrative purposes only.