412-416 Streatham High Road, 412-416 Streatham High Road, London
- SIZE
Ask agent
- SECTOR
Commercial development for sale
Key features
- Comprising of 4 units / 2 x large double fronted commercial units,
- flats on the upper floors (sold off on long lease)
- large rear yard with development potential (subject to the requisite consents)
- Asset management potential to let out the vacant units (ERV of £100,000 p.a.)
- Commercial space approx. 7,976 sq ft -low capital value of £112 a sq ft on guide
- Plans have been drawn up for 8 dwellings (5 x two bed and 3 x one bed flats)
- Reversionary value in 2 of the flats (49 & 71 years remaining)
- Located opposite Streatham Park an approx. 0.3 miles from Streatham Station
- No VAT on sale price
- 6 week completion available
Description
There is instant asset management potential to let out the vacant units and further development potential to build 5 dwellings in the rear yard and/or convert the rear commercial units into a additional 3 dwellings. (subject to the requisite consents) Plans have been drawn up for 8 flats (5 x two beds and 3 x one beds).
Unit 1 - 2 Bedroom - 836 sq ft (77.7 sqm)
Unit 2 - 1 Bedroom - 656 sq ft (61.6 sqm)
Unit 3 - 2 Bedroom - 836 ss ft (77.7 sqm)
Unit 4 - 1 Bedroom - 666 sq ft (61.9 sqm)
Unit 5 - 2 Bedroom - 836 sq ft (77.7 sqm)
Unit 6 - 1 Bedroom - 734 sq ft (68.2 sqm)
Unit 7 - 2 bedroom - 882 sq ft (82 sqm)
Unit 8 - 2 Bedroom - 835 sq ft (77.6 sqm)
There is also reversionary value on 2 of the flats sold off on long lease that have lease lengths of 50 and 71 years (Please refer to the legal pack)
The property is located on the west side of Streatham High Road and at the junction with Barrow Road.
Streatham Station is located an approx. 0.3 miles from the property
Transport
Streatham Station - National Rail services
Brochures
412-416 Streatham High Road, 412-416 Streatham High Road, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Streatham Station0.2 miles
- Streatham Common Station0.4 miles
- Norbury Station0.9 miles
Notes
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