118 Franciscan Road, Tooting, London, SW17 8HR
1,459 Sq Ft / Other
For Sale
- £650,000.00
Available - Last updated: 08 August 2024
Summary
The subject property is located in the London Borough of Wandsworth and comprises an excellent mixed-use property arranged over two floors; the commercial parts measure 644 sq ft / 59.8 sq m and are let to a local estate agent. The part ground and first floor are arranged as a generous two-bedroom duplex measuring 746 sq ft / 69.3 sq m. In addition, there is a storage room accessible only from the garden space.
The property is suitable for local developers looking for their next add-value opportunity on a subject-to-planning basis. There is potential to enhance the value of the property by virtue of change of use from E-Class to C3 residential of the commercial parts, roofline extensions and development of the generous side plot.
Key Points
Premium corner position with a large exterior terrace.Property lends itself to HMO conversion, or a large family dwelling (STP).Affluent South London suburb and walking distance to the Northern Line.Attractive Capital Value at £445 p/sq/ft.Available now.Location
The subject property is located on the corner of Franciscan Road and Lessingham Avenue and is only 0.7 miles from Tooting Bec station and the amenities this commercial centre has to offer. The property has excellent access to the Northern Line and the City of London is reachable in approx. 20 minutes.Terms
Legal Title & Tenure: The Freehold Title is as follows:-
• 118 Franciscan Road, London SW17 8HR. (Title Number: TGL36805).
Services: It is our understanding that mains water, electricity, gas and drainage are provided. However, it is the responsibility of the purchaser to ensure that services are available and adequate for any proposed development.
AML: The purchaser will be required to provide the necessary information to satisfy AML requirements.
Viewings: The properties may be inspected internally strictly through prior appointment. Prospective purchasers should be aware that inspections are made entirely at their own risk and no liability is accepted by the vendor or their agent.
EPC: Available on request.
VAT: TBC.
Method of Sale: The Property is For Sale by Private Treaty at a ‘GUIDE PRICE’ of £650,000.
Further Information: Further information is available via the vendor’s Sole Selling Agents, Messrs Winkworth Development & Commercial Investment on 020 7355 0285.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£650,000.00
| NA |
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