Plot for sale
Key information
Property description & features
- Tenure: Freehold
- Investment / Development
- Shop & Uppers
- Income Producing
- Planning Potential
- For Sale
Prominent corner plot - Shop & Flat above with rear yard / garden
Description - Mixed use investment / development opportunity for sale.
Existing E class commercial unit to the ground floor with 2 / 3 bedroom residential flat above and yard / garden area to the rear, to the front is an additional hard standing area with advertising hoarding and possible parking
Location - The property occupies a prominent corner position on Northborough Road at its junction with Beckway Road and forms part of a mixed use parade.
Nearest Stations :
Norbury Station 0.9miles
Mitcham Eastfields Station 1.2 miles
Tenancies - Ground Floor Shop: FRI Lease for a term of 16 years from 6th February 2010
Passing Rent £11,500 pa (ERV £17,500 pa)
Rent reviews every 4 years
2018 & 2022 rent reviews outstanding - time not of the essence.
First Floor Flat: Let on a new 12 month AST from 1st October 2024
No break clause
Passing rent £19,260 pa
Front Forecourt: Advertising hoarding, holding over, passing rent £250 pa
Rear Yard: circa 1,141 sq ft - could be let separately - residential tenant has been allowed to use (not included in AST)
Terms - Guide Price £650,000 Freehold - Subject to planning offers are not being considered
Planning - No applications have been made - The site has clear potential for extension / conversion / demolition and new build subject to the relevant consents
Viewings - Contact sole agents Christopher St James[use Contact Agent Button]
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Property reference 33535999. 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.
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Broadband availability and predicted speed: obtained from Ofcom on January 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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 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
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