Summary - 68, DRAKE STREET OL16 1PA
1 bed 1 bath Commercial Property
Large three‑storey commercial building with conversion potential on a prominent main road..
Extremely large three‑storey building, ~3,450 sq ft total
A substantial three‑storey commercial building in a prominent town‑centre position on Drake Street, offered as a rare investment or redevelopment opportunity. At around 3,450 sq ft in total (approximately 1,150 sq ft per floor) the property provides large, flexible floorplates with open‑plan upper floors and a ground‑floor shop/office frontage onto a main road.
The upper floors have a dedicated entrance and separate electrical supplies, which supports continued mixed‑use occupation or straightforward conversion to residential apartments subject to consents. Modern internal finishes are present in parts (open plan kitchen/living areas) but the property is essentially a refurbishment/refit project — buyers should allow for renovation costs and planning requirements if pursuing conversion.
Practical positives include no flood risk, very low local crime, excellent mobile signal and fast broadband — useful for occupiers or short‑let schemes. The site sits in a busy urban area with strong transport links, nearby amenities and schools, which supports rental demand though the wider area is classified as very deprived, so investor expectations should be aligned with local market conditions.
Material considerations: tenure is recorded as unknown and the plot is small relative to building size, which could limit external expansion. This is a clear opportunity for an investor or developer comfortable managing refurbishment and planning to add value through reconfiguration or change of use.
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