Hambly Mansions, 412-416 Streatham High Road, London, SW16 6EU
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- SIZE
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- SECTOR
Mixed use property for sale
Key features
- Vacant commercial units on the ground and basement floors
- Asset management potential to let out the vacant commercial units (ERV of £100,000 p.a.)
- Upper residential apartments sold off on long leases (49 & 71 years remaining)
- Total commercial space of approx. 7,976 sq ft (741 sqm)
- Further development potential to utilise the commercial space at the rear of the shops to be converted into three dwellings
- Plans have been drawn up for five residential dwellings on the land to the rear
Description
Comprising of 4 units / 2 x large double fronted commercial units, flats on the upper floors (sold off on long leases) and a large rear yard with development potential (subject to the requisite consents).
Total commercial space of approx. 7,976 sq ft (741 sqm), with the guide price reflecting a low capital value of £119 per sq ft.
Reversionary value in two of the flats that have been sold off on long leases (49 & 71 years remaining).
Further development potential to utilise the commercial space at the rear of the shops to be converted into three dwellings (Subject to the requisite consents).
Plans have been drawn up for five residential dwellings on the land to the rear (Subject to the requisite consents).
The property is for sale freehold at the forthcoming Savills auction on 13th May at a guide price of £950,000, subject to contract.
Hambly Mansions, 412-416 Streatham High Road, London, SW16 6EU
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
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call GLPG, Marylebone on 020 3974 2714.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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