Description
Consented development opportunity for sale
Existing ground floor commercial unit (not included in sale - available by separate negotiation) with 3 bedroom flat above
Location
The property is situated within a mixed use parade on Coombe Lane at its junction with Durham Road
A wide range of bars, shops and restaurants are nearby both independant and national retailers, Waitrose, Sainsburys, Co - Op, Starbucks, Greggs, Anytime Fitness and more
Raynes Park Station is the closest being just 0.2 miles away (South Western Rail Services)
The A3 is also just 0.5 miles away offering quick access further in or out of London by road
Planning
Merton council granted planning ref: 24/P1917 for ....
Conversion of existing two storey building into a four storey building involving the erection of an upward extension of two additional storeys to create four self contained flats and associated works
S106: This is a car free development - owners / occupiers of the residential cannot apply to the local authority for parking permits.
Tenancy
The flat is let on an AST until April 2025 at a passing rent of £27,600 p/a
For those considering an offer to include the commercial unit this has been let on a 10 year lease from April 2024 (5 yr reviews) at a passing rent of £40,000 pa
Terms
Guide Price £750,000 (uppers only) £1,200,000 for entire freehold
CIL: £76,542.
Be advised for those looking to buy the first floor only the small rear extension is to be handed back to the seller in shell and core condition to then be included within the commercial demise.
Viewings
Please do not approach staff - View by appointment - Contact sole agents - Christopher St James 020 8545 0591
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