33 – 39 Upper Green East, Mitcham CR4

£2,000,000

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Overview

Consented mixed use development opportunity with planning granted for 5,000 sq ft of commercial at ground floor with 20 private sale apartments above - Contributions £280k - Sole Agents

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    Location
    Located in the centre of Mitcham surrounded by both residential & commercial properties
    Local occupiers include a range of multiple and independent retailers, together with other uses including dentists and office occupiers.

    Retailers nearby include Superdrug, Lloyds Bank, Boots, Farm Foods, Lidl, Iceland, Poundland and more.

    Nearest Stations:
    Mitcham Eastfields 0.5 miles - (Southern & Thameslink Services)
    Colliers Wood Underground 1.3 miles (Northern Line Services)

    Bus Routes:
    51, 118, 127, 152,264, 270, 355, 655, N133, S1

    Existing Property
    The site currently comprises two separate titles

    33 - 35 Upper Green East - 2 x retail units with 2 x 3 bedroom flats above and a 2 storey light industrial unit to the rear

    37 - 39 Upper Green East - Double fronted retail unit with 2 x 3 bedroom flats above

    Plot size: 0.248 acres

    Planning
    Planning was granted by the London Borough of Merton ref: 19/P2747 For.....
    Demolition of existing buildings and erection of a new four storey mixed use building comprising commercial units at ground floor level (Use class A1, A2, A3, A5, B1 or D1.) and 20 self-contained flats above with associated landscaping, bin and bicycle store

    S106 & CIL Contributions
    This is a car free development, owners, tenants and any future residents are not able to apply to the local authority for parking permits

    S106 Financial contribution: £94,371
    CIL Contribution: £184,400

    GDV
    GDV Estimated in the region of £8,000,000

    Terms
    Offers in excess of £2,000,000 Freehold
    The site is being sold with the benefit of vacant possession

    Viewings
    Contact Sole Selling Agents

    Christopher St James 020 8545 0591

MAP

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