Calling investors, owner occupiers and developers.
Existing ground floor A5 / Sui Generis unit with four bedroom 3 storey flat above.
Location
The property is situated in Balham High Road.
Accommodation
Approx. gross internal area 1,315 sq ft (122.2 sq m)
Approx. gross internal area 1,404 sq ft (130.4 sq m)
Terms
Terms - Guide Price £1,000,000
Tenancies:
Ground floor: Let on a 15 yr FRI lease inside L&T expiring May 2026 with 5 yr rent rent reviews ‐Passing rent £22,000
Uppers: Let on an AST (holding over) with a passing rent of £31,200
There is an advertising boarding on the side of the property however we understand this contract ended some years back and has not been renewed.
Planning - Use Class A5 / Sui Generis and C3 Residential
Planning was granted by Wandsworth Borough Council in 2017 (not implemented) ref: 2017/3527 for... alterations including two‐storey extension above rear addition and conversion of property to 1 x 1 bedroom flat and 1 x 2 bedroom flats.
Specification
- Freehold
- Investment / Development
- Shop & Uppers
- GF Let until May 2026
- Flat holding over
- Previous Planning
- Close to Station