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412-416 Streatham High Road, 412-416 Streatham High Road, London

Guide Price
£950,000

Business rates & charges may apply

Savills, Savills, Auctions
SIZE

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SECTOR

Commercial development for sale

Key features

  • Comprising of 4 units / 2 x large double fronted commercial units,
  • flats on the upper floors (sold off on long lease)
  • large rear yard with development potential (subject to the requisite consents)
  • Asset management potential to let out the vacant units (ERV of £100,000 p.a.)
  • Commercial space approx. 7,976 sq ft -low capital value of £112 a sq ft on guide
  • Plans have been drawn up for 8 dwellings (5 x two bed and 3 x one bed flats)
  • Reversionary value in 2 of the flats (49 & 71 years remaining)
  • Located opposite Streatham Park an approx. 0.3 miles from Streatham Station
  • No VAT on sale price
  • 6 week completion available

Description

A freehold corner property comprising of 4 units/ 2 x double fronted commercial units on ground floor & basement and flats in the upper floors (sold off on long lease).

There is instant asset management potential to let out the vacant units and further development potential to build 5 dwellings in the rear yard and/or convert the rear commercial units into a additional 3 dwellings. (subject to the requisite consents) Plans have been drawn up for 8 flats (5 x two beds and 3 x one beds).

Unit 1 - 2 Bedroom - 836 sq ft (77.7 sqm)
Unit 2 - 1 Bedroom - 656 sq ft (61.6 sqm)
Unit 3 - 2 Bedroom - 836 ss ft (77.7 sqm)
Unit 4 - 1 Bedroom - 666 sq ft (61.9 sqm)
Unit 5 - 2 Bedroom - 836 sq ft (77.7 sqm)
Unit 6 - 1 Bedroom - 734 sq ft (68.2 sqm)
Unit 7 - 2 bedroom - 882 sq ft (82 sqm)
Unit 8 - 2 Bedroom - 835 sq ft (77.6 sqm)
There is also reversionary value on 2 of the flats sold off on long lease that have lease lengths of 50 and 71 years (Please refer to the legal pack)

The property is located on the west side of Streatham High Road and at the junction with Barrow Road.

Streatham Station is located an approx. 0.3 miles from the property

Transport
Streatham Station - National Rail services

Brochures

412-416 Streatham High Road, 412-416 Streatham High Road, London

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Streatham Station0.2 miles
  • Streatham Common Station0.4 miles
  • Norbury Station0.9 miles

About Savills, Savills, Auctions

33 Margaret Street, London, W1G 0JD

Notes

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Disclaimer - Property reference E944BD35-0FA0-4BFF-8BB0-9FCE3FA4A934. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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