Plot for sale
Key information
Property description & features
- Tenure: Freehold
- Investment / Development
- Mixed Use
- Available Now
- Planning Granted
- Close to Station
- Freehold
- Prominent position
- Busy High Street
- Conversion & New Build
- Sole Agents
Income producing - reversionary opportunity -
Description - Mixed use investment / development opportunity for sale.
The existing property is a two storey corner building comprising open plan retail unit and yard at ground floor with two self-contained flats on the first floor accessed from the rear.
Planning has been granted for a new build scheme on the yard and further potential exists to extend the existing building STP
Location - The property is situated on Central Road which is an arterial route running through the centre of Worcester Park and benefits from good communication links by road, rail and bus services.
Neighbouring occupiers include; Sainsburys, Papa John’s, Star Barbers, Winkworth, Costcutter, Bronco’s, Coversure, Pizza Express, Hunters, Nat West, St Raphael Hospice, together with a good mix of other independent and local traders.
Nearest Station : Worcester Park 0.4miles
Existing & Proposed Accommodation - Ground Floor Shop - Open plan with rear WC. Approximate GIA 162 sq m (1,750 sq ft)
First Floor Flat 1 - One Bedroom Flat, Approximate GIA 41 sq m (450 sq ft)
First Floor Flat 2 - Two Bedroom Flat, Approximate GIA 57 sq m (620 sq ft)
Proposed additional dwellings
Duplex 1: Two bedroom 87.2 sqm
Duplex 2: Two bedroom 84 sqm
Income & Tenancies - Ground floor retail let on a short terms lease (INFO TO FOLLOW) with a passing rent of £24,000 pa - ERV £35 - £40,000 pa
53a First floor flat let on an AST currently holding over with a passing rent of £10,200 pa - ERV £15,000 pa
53b First floor flat let on an AST currently holding over with a passing rent of £11,400 pa - ERV £17,400 pa
Planning - Planning granted for erection of two storey building providing a link to the front of the existing building to comprise 2 new residential units, retention of existing ground floor commercial unit, provision of car parking, cycle stores, refuse stores, external access stairs and landscaping.
Further information including plans can be found in our data room
Terms - Guide Price : £1,300,000
Data Room - Available on our website
Access code: central1
Viewing - By appointment only contact sole agents
Christopher St James[use Contact Agent Button]
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33354884. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Christopher St James - Colliers Wood.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on March 8, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on March 8, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.