** Sold as one or separately** Two shops with a consented development site at the rear for a new build scheme of 4 x flats.. Flats above are sold off on long leases

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  Description
  Mixed use Investment / Development opportunity For Sale - Can be split and sold separately
  
  The property comprises a substantial mixed-use freehold opportunity arranged as vacant double fronted commercial accommodation with basement storage, together with ancillary office/storage areas and residential upper parts which have been sold off on long leases.
  
  The front accommodation offers flexibility for occupation, investment or potential subdivision, while the rear of the site benefits from a residential development angle with consent for 2 x 1-bedroom and 2 x 3-bedroom flats, each with associated amenity space all within a mews setting
  
  Subject to further investigations and planning consent it is felt the scheme could possibly be re worked to create 4 x houses

  Location
  The property occupies a prominent position on Streatham High Road (A23), overlooking Streatham Common and benefiting from excellent local communications. Streatham station is within a short walk and offers services to London Bridge, East Croydon and Thameslink destinations, while multiple bus routes serve the immediate vicinity

  Existing & Proposed accommodation
  Existing space is approximately 5,252 sq ft (487.90 sqm)
  Remaining commercial space once rear is developed is approximately 1,662 sq ft (154.40 sqm)
  
  The proposed new build scheme at the rear
  Flat A: 3 bed / 4 person — 1,039 sq ft (96.50 sq m).
  Flat B: 1 bed / 1 person — 469 sq ft (43.60 sq m).
  Flat C: 1 bed / 1 person — 463 sq ft (43.00 sq m).
  Flat D: 3 bed / 4 person — 830 sq ft (77.10 sq m)
  Total approved residential area: 3,590 sq ft (333.50 sq m).

  Leases of flats
  444 Streatham High Road, Flat A — studio flat — lease expiry 20/05/2118.
  444 Streatham High Road, Flat B — 2-bedroom flat — lease expiry 24/12/2081.
  444 Streatham High Road, Flat C — 3-bedroom flat — lease expiry 24/12/2171.
  446 Streatham High Road, Flat A — 2-bedroom flat — lease expiry 26/01/2149
  446 Streatham High Road, Flat B — studio flat — lease expiry 23/06/2144.
  446 Streatham High Road, Flat C — 1-bedroom flat — lease expiry 23/06/2144.
  446 Streatham High Road, Flat D — studio flat — TBA

  Income
  Ground rent income: TBC
  
  ERV of commercial units £50,000 per annum

  S106 & CIL
  This is a car-free development: purchasers and tenants will not be eligible for on-street resident parking permits within the local CPZ, save for qualifying disabled badge holders.
  Care and Cycle hire memberships to be provided for 3 years
  
  We are informed no CIL is payable

  Terms
  The property is being offered as one lot or split and the individual guide prices are listed below
  Whole freehold £1,050,000
  Development plot only for 4 flats £600,000
  Retail space only £500,000

  Viewings
  Viewing available on request, Contact Christopher St James 020 8296 1273