Light industrial unit extending to approximately 333 sqm (3,584 sq ft) in central Streatham. Conversion/ Development potential STPP.
( Agency Pilot Software Ref: 19455 )
Location
Wellfield Road is predominantly residential in character with a mix of Victorian terraced and semi-detached housing. Neighbouring the property immediately south is the former Blackwood Hall, which is understood to be in current use as a community centre. The property is well situated, only an approximate 3 minute walk from the extensive retail and local amentiy offering along Streatham High Road. The site appears to fall within a PTAL Level 6a rating designation, highlighting the strong public transport connectivity.
Accommodation
The site extends to an area of 0.049 acres (0.02 hectares). As existing it comprises a detached light industrial/ workshop unit over two storeys. A smaller workshop to the front including some restricted height storage/ office attic accommodation, steps back to the rear workshop with a floor to ceiling height at ground level of approximatey 2.77m and at first floor an eaves height of 2.74m and apex height of 5.28m.
The first floor rear workshop also includes a small mezzanine. An area of outdoor space runs along the northern elevation with gated access from the public highway. The site benefits from a vehicular right of way along the southern boundary, measuring between 3.03-3.25 metres in width, that provides access and a loading bay for the rear warehouse via a roller shutter door measuring 1.63 (w) x 2.22 (h).
Terms
TENURE The property is held freehold under two freehold titles namely LN83950 and LN83951 and is to be sold with vacant possession.
VAT The property is not elected for VAT.
PRICE Offers invited in excess of £800,000 for both freehold titles.
OFFERS Offers are being invited on an unconditional basis and by way of private treaty for the freehold interest with vacant possession, subject to contract. Offers should be in writing and include the following information:
• Identity of the proposed purchaser
• Purchase price
• Purchaser background & track record. Proof of funds will be requested if your offer is further considered
• Proposed timescale for exchange and completion of sale
• Solicitor details
• Any condition or surveys that are required No offer is to be calculable by reference to any other offer.
Specification
• Freehold Light Industrial Unit/ Workshop Space with Development Potential STPP
• Site Area: 0.049 acres (0.02 hectares)
• Centrally located within Streatham, The London Borough of Lambeth
• Offers are invited on an unconditional basis in excess of £800,000, for the freehold interest with vacant possession, subject to contract.