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AGENT'S DETAILS


MIX USE INVESTMENT/DEVELOPMENT FOR SALE IN TOOTING BROADWAY - PLANNING APPROVED TO RECONFIGURE FLAT INTO 2 X 1 BED & 1 X 2 BED

For sale: £1,300,000.00|Mixed Use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,300,000.00
ADDRESS121 Mitcham Road, London, Greater London, SW17 9PE
TYPEMixed Use, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON27th June 2020

DESCRIPTION

INVESTMENT/ DEVELOPMENT OPPORTUNITY IN PRIME TOOTING BROADWAY, SW17

(Guide: £1,200,000 - £1,300,000) Residenza are proud to offer this freehold mix use commercial building in the heart of Tooting Broadway. The property currently comprises of a ground floor commercial unit let to a nail salon and an HMO flat situated over first, second and third floor. The property also benefits from planning GRANTED to reconfigure and provide 2 x 1-bedroom flats and 1 x 2-bedroom flats.

Total Current Rent Reserved: £55,000 P/A.

- Comprising a ground floor shop and HMO above
- Commercial unit let at £24,000 P/A on a lease expiring 2029.
- Prime location situated close to Tesco, Sainsburys & Primark
- Planning approved to reconfigure and provide 2 X 1 Bedroom flats and 1 x 2 Bedroom flat
- Tooting is a densely populated suburb of South West London, located approx. 6 miles from Central London
- Possible to also ADD a small flat to ground floor rear commercial STPP. The demise at the rear of the shop and basement is not included in the lease.
- Buyers fee applicable

Further details to be requested via sole agent Residenza Properties Ltd.

LOCATION

Location: 121 Mitcham Road, London, Greater London, SW17 9PE

Tooting Broadway (0.2 miles)

Tooting Bec (0.8 miles)

Colliers Wood (0.8 miles)

Tooting (0.4 miles)

Haydons Road (1.1 miles)

Streatham Common (1.3 miles)

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