61/61A High Street South, Bedfordshire LU6

Property Details: - Type: Terraced house - Bedrooms: 9 - Bathrooms: 7

Agent: Penrose Estate Agents - Dunstable Phone: 01582 944169

<p>Presenting a truly superb investment opportunity, this beautiful period property, located at 61 & 61A High Street South in the heart of Dunstable, Bedfordshire, offers immense potential for developers and investors alike. Currently configured as offices, the property benefits from recently granted planning permission for a change of use to residential apartments, transforming it into a highly desirable residential scheme.</p><p><br/></p><p>The approved plans detail the creation of seven modern apartments, comprising five well-proportioned one-bedroom units and two spacious two-bedroom units. This thoughtful conversion maximises the property's footprint while retaining its inherent charm and character. A significant advantage of this development is the provision of dedicated parking for each apartment, a crucial amenity in a central location like Dunstable, enhancing the appeal and marketability of each unit.</p><p><br/></p><p>Situated in a prime central Dunstable location, residents will benefit from excellent access to local amenities, including shops, restaurants, and leisure facilities. The area also offers strong transport links, making it attractive to a wide range of potential tenants or buyers. Dunstable's strategic position within Bedfordshire provides convenient connections to larger towns and cities, further bolstering its investment credentials.</p><p><br/></p><p>Upon completion, the Gross Development Value (GDV) for this project is estimated to be in the region of £1.35 million to £1.4 million, indicating a robust return on investment for the discerning purchaser. The existing structure, a beautiful period property, provides a solid foundation for the conversion, allowing for the creation of stylish and contemporary living spaces within a building that exudes historical elegance.</p>