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FREEHOLD INVESTMENT WITH RESIDENTIAL FLAT ABOVE + WAREHOUSE FOR SALE IN EPSOM, KT17 – HUGE POTENTIAL FOR DEVELOPMENT STPP

For sale: £699,950.00|1866 |Warehouse, Residential, Mixed use, Industrial, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£699,950.00
SIZE1866
ADDRESS15 Castle Parade, Ewell by Pass, KT17 2PR
TYPEWarehouse, Residential, Mixed use, Industrial, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON27th June 2020

DESCRIPTION

FREEHOLD INVESTMENT WITH RESIDENTIAL FLAT ABOVE + WAREHOUSE FOR SALE IN EPSOM, KT17 – HUGE POTENTIAL FOR DEVELOPMENT STPP.

Investment / Development Summary

Residenza Properties are proud to offer this freehold terraced mixed-use property with commercial space at ground floor and residential accommodation above just off London Road A25 & Ewell By-Pass.

A terraced mix use property with ground floor unit used as a bar business and first & second floors above comprising a split level two bedroom flat. Possible to convert or extend further STPP. Additional warehouse to the ground floor let separately on a licence which also has the potential to convert to residential STPP.

Ground Floor: 1123 SQ/FT
First Floor: 374 SQ/FT
Second Floor: 369 SQ/FT
Gross Total Area: 1866 SQ/FT Approx

Current Income:
Total rent reserved: £44,500.00 P/A (With potential to increase further due to flat and warehouse being let under market)

Producing a Yield of 6.36%!!

LOCATION

Location: 15 Castle Parade, Ewell by Pass, KT17 2PR

Morden (3.9 miles)

South Wimbledon (4.8 miles)

Wimbledon (4.9 miles)

Ewell West (0.5 miles)

Ewell East (0.6 miles)

Stoneleigh (0.6 miles)

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