Overview

Airspace development For Sale with planning granted for two additional floors creating 4 x flats.

CIL £35,000 - GDV + £1,200,000 - 999 year lease.

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  Description
  Long leasehold development opportunity for sale
  
  Planning was granted by Sutton Borough Council ref: DM2023/00324 on 15th March 2023 to construct 4 x new build flats in the airspace above this existing mixed use property.
  
  CIL £35,000
  Estimated GDV + £1,200,000
  Estimated Rent £63,600

  Location
  The property is situated in North Cheam close to neighbouring Worcester Park & located on the borders of Surrey & South West London.
  
  Located just 10 miles from Central London, it is an ideal destination for commuters, with a direct Zone 4 rail link to London's Waterloo via Clapham Junction & Wimbledon in under 30 minutes
  
  Worcester Park is located just off the A3, which offers road links to London, the M25 and both Gatwick & Heathrow Airports. Local bus services at North Cheam will get you to Morden's Northern Line Station in approx. 15 minutes.

  Accommodation
  The proposed scheme will provide
  2 x 1 bed - 31 sqm each
  2 x 2 bed - 61 sqm each

  Terms
  Offers are invited in excess of £400,000
  999 year lease