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Guide price
£1,150,000

Plot for sale

Central Road (R), Worcester Park KT4
Auction
Plot
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Freehold
  • Investment / Development
  • Mixed Use
  • Available Now
  • Planning Granted
  • Close to Station
  • Freehold
  • Prominent position
  • Busy High Street
  • Conversion & New Build
  • Sole Agents
For Sale by Auction unless sold prior
Mixed use investment / development opportunity, planning granted with scope to enhance STP.

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 - For Sale in the upcoming Savills auction 28th January unless sold prior
Guide Price £1,150,000

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

About this agent

Christopher St James - Colliers Wood
Christopher St James - Colliers Wood
61 High Street Colliers Wood, London SW19 2JF
020 3641 9145
Full profileProperty listings
Christopher St James (CSJ) is a family run business Founded in 1976. For over 40 years CSJ have been successfully offering an independent and unbiased service on all matters relating to any form of UK property.
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