253 Northborough Road, Streatham, London SW16
- PROPERTY TYPE
Plot
- SIZE
Ask agent
Key features
- Investment / Development
- Shop & Uppers
- Income Producing
- Planning Potential
- For Sale
Description
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 £575,000 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
Brochures
Northborough Road 253 Saels particulars.pdfBrochure253 Northborough Road, Streatham, London SW16
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norbury Station0.7 miles
- Mitcham Eastfields Station0.9 miles
- Streatham Common Station1.0 miles
About Christopher St James, Colliers Wood
61 High Street Colliers Wood, London, SW19 2JF
Notes
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