Garratt Lane, Tooting, London
Size
1,726
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Transport links
- Well connected
Key features
- Freehold mixed-use investment
- Planning permission for two additional flats
- Current income approx. £35,280 p.a.
- Estimated GDV approx. £1,100,000
- Estimated ERV approx. £79,800 p.a.
- £0 CIL liability confirmed by Wandsworth Council
- Approx. 1,726 sq. Ft / 160.4 sq , M
- Strong development and asset management potential
- Chain Free
Description
The property currently provides approximately £35,280 per annum and comprises an existing commercial unit together with residential accommodation. The approved scheme provides for the conversion of the rear ground-floor space into a two-bedroom apartment and the creation of a substantial three-bedroom apartment at first-floor/roof level, while retaining the commercial unit.
On completion, the property is estimated to provide a gross development value of approximately £1,100,000 or an estimated rental income of approximately £79,800 per annum. The vendor has also obtained written confirmation from Wandsworth Council that no CIL is payable in respect of the approved developments.
The property offers an excellent opportunity for investors and developers seeking to add value through the implementation of the existing planning permission in a well-connected South West London location.
Planning documents, approved drawings, CGI images and further tenancy information are available upon request.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 2
- Planning permission
- Approved
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Garratt Lane, Tooting, London
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Disclaimer - Property reference RPL-786758-00. 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 Residenza Properties, London. 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.