Balfour Road, Wimbledon, London SW19

£550,000

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Overview

Freehold office building suitable for investment, development or owner occupation

Planning granted for conversion to 3 x flats - Existing space 1,370 sq ft over ground, 1st and 2nd floors

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    Description
    Two storey detached office building beneath a pitched roof built to its boundary with planning granted for a new mansard and conversion to residential (3 flats)

    Location
    The property is situated on a residential road just 2 minutes from South Wimbledon Underground Station (Northern line) and a range of local shops and eateries

    Central Wimbledon is within 1 mile offering District Line rail services and access to larger household name retailers, bars and restaurants

    The area is popular with both buyers and tenants looking to be in the SW19 postcode

    Road Connections:
    A3 - 2.4 miles
    M25 - 14.5 miles

    Planning
    London Borough of Merton have granted permission for 2 relevant applications in connection with the redevelopment of this property

    Ref: 19/P3512 (Granted 19th November 2019)
    Prior approval not required for change of use to residential to create 3 x 1 bed flats

    Ref: 20/P0037 (Granted 16th March 2020)
    Erection of mansard roof to existing office building together with replacement of ground floor door with new window and installation of additional window, alterations to internal layout and new entrance door

    Accommodation
    Existing
    GF NIA: 527 sq. ft. (48.96 sq. m.)
    FF NIA: 407 sq. ft. (37.78 sq. m.)
    SF NIA above 1.5m: 288 sq. ft. (26.80 sq. m.)
    SF NIA below 1.5m 148 sq. ft. (13.73 sq. m.)
    Sub-Total NIA: 1,370 sq. ft. (127.28 sq. m.)

    Proposed
    Flat 1: Ground floor 484 sq ft (45 sqm)
    Flat 2: First floor 436 sq ft (40.5 sqm)
    Flat 3: Second floor 527 sq ft (49 sqm)

    Leases
    Ground floor: Vacant
    Upper floors: Let to Cressey Oasis Education Ltd with a passing rent of £19,500 per annum, now holding over with atleast 3 months notice to gain vacant possession

    Terms
    Offers in excess of £550,000 are invited
    The property is being sold with the tenants in situ

    Data Room
    Further information and documents available in the data room found on our website. Access code: balfour

    Viewing
    Contact sole agents Christopher St James on 020 8545 0591

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