Garratt Lane, London, SW17

Freehold mixed-use investment & development opportunity with planning permission Garratt lane, SW17

A rare opportunity to acquire a substantial freehold mixed-use property on the ever-popular Garratt Lane, SW17, offering immediate rental income together with significant asset management and development potential.

Currently generating an income of approximately £35,280 per annum, the property benefits from full planning permission to create two additional residential units, providing a compelling value-add opportunity in a highly sought-after South West London location.

The approved scheme comprises:
* Conversion of the rear ground floor commercial space into a spacious two-bedroom apartment
* Construction of a mansard roof extension creating a substantial three-bedroom apartment
* Retention of the existing commercial unit

Upon completion of the approved development, the property is projected to provide:

Estimated Rental Value (erv)
* Shop: £900 pcm
* Two-bedroom apartment: £2,250 pcm
* Three-bedroom apartment: £3,500 pcm
Total erv: Approximately £79,800 per annum

Estimated Gross Development Value (gdv)
* Shop: £150,000
* Two-bedroom apartment: £400,000
* Three-bedroom apartment: £450,000
Total gdv: £1,000,000

The building extends to approximately 1,726 sq ft (160.4 sq m) and offers excellent flexibility for investors, developers and owner-occupiers seeking a property with strong future growth prospects.

The commercial premises are currently let on a lease expiring in 2031; however, we are advised by the vendor that the tenant is willing to surrender the lease in exchange for a premium of £40,000, enabling a purchaser to commence development works immediately. The existing residential accommodation is occupied under a separate agreement and will be provided with vacant possession upon completion.

Location
Ideally situated on Garratt Lane, the property enjoys a prominent position close to local shops, cafés, restaurants and amenities, while benefiting from excellent transport links via Earlsfield Railway Station, providing fast and convenient access into Central London.

Key Features
* Freehold mixed-use investment
* Approved planning permission for two additional residential units
* Current income of approximately £35,280 per annum
* Projected erv of approximately £79,800 per annum
* Estimated gdv of £1,000,000
* Potential for vacant possession
* Approx. 1,726 sq ft (160.4 sq m)
* Excellent transport links
* No VAT applicable
* Strong development and income enhancement potential

Planning documents, approved drawings, CGI images and tenancy information are available upon request.

Early viewing is highly recommended.