The subject property currently comprises office and storage accommodation arranged over ground and first floors.
The three retail units to the front of the property comprise ground floor and basement areas and are available to rent separately or combined. Further details on request.
Location
The property is located to the rear of three prominent shop units on Streatham High Road (A23), overlooking Streatham Common.
Streatham train station is less than a 10 minute walk from the property and provides easy access to London Bridge and East Croydon and Thameslink services.
Bus stop for numerous routes outside of property.
Accommodation
FLAT A – 3 bed, 4 people - 957 sq. ft. (88.90 sq. m.)
FLAT B – 1 bed, 2 people - 463 sq. ft. (43.00 sq. m.)
FLAT C – 1 bed, 2 people - 509 sq. ft. (47.30 sq. m.)
FLAT D – 3 bed, 4 people - 1,021 sq. ft. (94.90 sq. m.)
Amenity space- 945 sq. ft. (87.80 sq. m.)
TOTAL - 3,895 sq. ft. (361.90 sq. m.)
Terms
PLANNING - Application submitted for Improvement of the shopfronts, alterations to the commercial units layout and remodelling the rear commercial storages to provide 4 residential units. (Application number 24/02581/FUL refers).
In addition to the accommodation schedule, this development will provide for 16 bike parking spaces and 2 x 660 litre bin storage to be shared between the flats and commercial units.
Each flat and room within meet or exceed the minimum requirements set in the London Housing Design Guide.
The flat amenity space is also in excess of the minimum requirements.
TERMS - Freehold with vacant possession of the rear properties.
PRICE - £650,000
VAT - The property is not elected for VAT.
EPC - Band D (94). Expires 28 March 2034.
Specification
- Easy access to A23
- Planning already applied for
- Good letting location
- Ideal development / investment opportunity
- Good public transport links