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Total views:  438
Guide price
£1,200,000

Industrial development for sale

Coombe Lane (R), London SW20
Industrial development
Added > 14 days

Features and description

  • Tenure: Freehold
  • Investment / Development
  • Shop & Uppers (sold as one or separately)
  • Planning granted
  • Strong Covenant Charity Shop
  • Existing 3 Bedroom Flat
  • Sought After Location
  • Airspace planning consent
  • Passing Rent £67,600 pa
Income producing mixed investment opportunity with planning granted to create additional flats above

Popular location with excellent rent / sale demand.

Description - Freehold income producing investment opportunity with planning granted to create additional dwellings above

Existing ground floor commercial unit with 3 bedroom flat above. (For Sale whole or split)

Location - The property is situated within a mixed use parade on Coombe Lane at its junction with Durham Road

A wide range of bars, shops and restaurants are nearby both independant and national retailers, Waitrose, Sainsburys, Co - Op, Starbucks, Greggs, Anytime Fitness and more

Raynes Park Station is the closest being just 0.2 miles away (South Western Rail Services)
The A3 is also just 0.5 miles away offering quick access further in or out of London by road

Planning - Merton council granted planning ref: 24/P1917 for ....
Conversion of existing two storey building into a four storey building involving the erection of an upward extension of two additional storeys to create four self contained flats and associated works

S106: This is a car free development - owners / occupiers of the residential cannot apply to the local authority for parking permits.

Tenancy - The flat is let on an AST until April 2025 at a passing rent of £27,600 p/a

For those considering an offer to include the commercial unit this has been let on a 10 year lease from April 2024 (5 yr reviews) at a passing rent of £40,000 pa

Terms - Guide Price £1,200,000 For the entire Freehold - £750,000 for the uppers only
CIL: £76,542.

Be advised for those looking to buy the first floor only the small rear extension is to be handed back to the seller in shell and core condition to then be included within the commercial demise.

Viewings - Please do not approach staff - View by appointment - 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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