Land for sale

Streatham High Road, Streatham, London SW16

** Sold as one or separately** Two shops with a consented development site at the rear for a new build scheme of 4 x flats.. Flats above are sold off on long leases

Description

Mixed use Investment / Development opportunity For Sale - Can be split and sold separately

The property comprises a substantial mixed-use freehold opportunity arranged as vacant double fronted commercial accommodation with basement storage, together with ancillary office/storage areas and residential upper parts which have been sold off on long leases.

The front accommodation offers flexibility for occupation, investment or potential subdivision, while the rear of the site benefits from a residential development angle with consent for 2 x 1-bedroom and 2 x 3-bedroom flats, each with associated amenity space all within a mews setting

Subject to further investigations and planning consent it is felt the scheme could possibly be re worked to create 4 x houses

Location

The property occupies a prominent position on Streatham High Road (A23), overlooking Streatham Common and benefiting from excellent local communications. Streatham station is within a short walk and offers services to London Bridge, East Croydon and Thameslink destinations, while multiple bus routes serve the immediate vicinity

Existing & Proposed Accommodation

Existing space is approximately 5,252 sq ft (487.90 sqm)
Remaining commercial space once rear is developed is approximately 1,662 sq ft (154.40 sqm)

The proposed new build scheme at the rear
Flat A: 3 bed / 4 person - 1,039 sq ft (96.50 sq m).
Flat B: 1 bed / 1 person - 469 sq ft (43.60 sq m).
Flat C: 1 bed / 1 person - 463 sq ft (43.00 sq m).
Flat D: 3 bed / 4 person - 830 sq ft (77.10 sq m)
Total approved residential area: 3,590 sq ft (333.50 sq m).

Leases Of Flats

444 Streatham High Road, Flat A - studio flat - lease expiry 20/05/2118.
444 Streatham High Road, Flat B - 2-bedroom flat - lease expiry 24/12/2081.
444 Streatham High Road, Flat C - 3-bedroom flat - lease expiry 24/12/2171.
446 Streatham High Road, Flat A - 2-bedroom flat - lease expiry 26/01/2149
446 Streatham High Road, Flat B - studio flat - lease expiry 23/06/2144.
446 Streatham High Road, Flat C - 1-bedroom flat - lease expiry 23/06/2144.
446 Streatham High Road, Flat D - studio flat - tba

Income

Ground rent income: Tbc

erv of commercial units £50,000 per annum

S106 & Cil

This is a car-free development: Purchasers and tenants will not be eligible for on-street resident parking permits within the local cpz, save for qualifying disabled badge holders.
Care and Cycle hire memberships to be provided for 3 years

We are informed no cil is payable

Terms

The property is being offered as one lot or split and the individual guide prices are listed below
Whole freehold £1,050,000
Development plot only for 4 flats £600,000
Retail space only £500,000

Viewings

Viewing available on request, Contact Christopher St James