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Agent's details

Property agent

Investment / Development Opportunity, Westow Hill, Crystal Palace, London, SE19

For sale: £1,200,000.00|3,865 Sq Ft|Mixed use, Flat, General Retail, Retail - High Street, Residential Land, Land, Residential, Other Property Types & Opportunities, Retail, Commercial Land

Property details

FOR SALE£1,200,000.00
SIZE3,865 Sq Ft
ADDRESSWestow Hill, Crystal Palace, London
TYPEMixed use, Flat, General Retail, Retail - High Street, Residential Land, Land, Residential, Other Property Types & Opportunities, Retail, Commercial Land
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON14th April 2024

Description

Prime period corner mixed use building arranged over five floors. The ground floor is mainly open plan with a rear storeroom, kitchen and single WC. The self-contained basement is accessed via Jasper Road and benefits from some natural light, good ceiling height and single WC.

The first, second and third floors comprise a 5 bedroom self-contained flat, arranged on the first floor as a large front living room, kitchen and WC, 3 bedrooms and a bathroom/WC on the second floor, with a further 2 bedrooms on the third floor.

Freehold sale, with the benefit of a 15 year lease from October 2018 on the ground floor to The Sourcing Table (guaranteed by Indigo Wines: www.indigowine.com) at a rent of £38,500 per annum, with vacant possession of the basement and the 5 bed flat on Completion. The upper parts have planning permission for a 6 room HMO (ERV £65k pa), or can be converted into a number of residential units (subject to planning).

Situated in a prominent position on Westow Hill (A214), on the corner of Jasper Road within the ‘triangle’ in Crystal Palace. Neighbouring occupiers include; Headmasters, Budgens, Chicken Cottage, Poundstrecher, Domino’s, Cancer Research, Morleys, Caffe Nero, Iceland, Rush, together with a good mix of other independent and local traders.

Crystal Palace and Gipsy Hill mainline railway and Overground stations are both within walking distance, providing services to London Bridge, Victoria, Beckenham, Highbury & Islington and West Croydon.There are also buses serving the area, located on Westow Hill.

Contact us for further information: www.james-ashley.co.uk

Location

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Location: Westow Hill, Crystal Palace, London

Brixton (3.3 miles)

Balham (3.5 miles)

Tooting Bec (3.7 miles)

Crystal Palace (0.3 miles)

Gipsy Hill (0.3 miles)

Anerley (0.8 miles)

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