Garratt Lane, Tooting, London

A freehold mixed-use investment and development opportunity prominently situated on Garratt Lane, SW17, with planning permission for two additional residential units.

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.