Walpole Road, Colliers Wood, London SW19


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Income producing mixed use opportunity for sale with potential to increase residential space subject to relevant consents

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    Full Description
    Investment / development opportunity for sale comprising ground floor commercial unit with two x one bedroom flats above

    The flats are accessed through a door in the archway and the commercial unit has two entrances one behind the roller shutter on Walpole Road and the other is in the Mews

    Subject to the relevant consents potential exists to redevelop the roof space and convert the commercial into residential

    Currently the property is fully let and producing £31,620 with scope to increase, the break down is as follows

    Flat 1 Walpole Mews - Let on an AST expiring December 2022 at £995 pcm
    Flat 1b Walpole Mews - Let on an AST expiring February 2023 at £950 pcm
    Commercial 1 Walpole Road - Let on a lease expiring October 2025 at £690 pcm (underlet)

    The property is held under two freehold titles and we would draw your attention to the existence of a flying freehold over part of the site (indemnity insurance is in place)

    The property is situated on Walpole Road and part set back within Walpole Mews, and within 5 minutes walk of Colliers Wood Underground Station

    Colliers Wood is located in the London Borough of Merton, approximately 12.8 km (8 miles) south of Central London, 2 miles east of Wimbledon and approximately 2 miles south of Balham.

    Colliers Wood is a densely populated south-west London suburb, popular with both City workers and families. Communications are excellent with Central London being within easy reach by London Underground (Colliers Wood, Northern Line), road (30 minutes) and over-ground rail with Tooting Railway Station 30 minutes to London Waterloo / London Kings Cross.

    Colliers Wood has and continues to benefit from significant regeneration, which includes a new town square to complement the redevelopment of Colliers Wood Tower to residential units.

    Offers in excess of £625,000 are invited
    Freehold / Flying Freehold

    Contact sole agents
    Christopher St James
    020 8296 1273

    Subject to the relevant consents an additional floor could be added and the commercial space converted to residential

    Please rely on your own investigations with Merton Council, Civic Centre, London Road, Morden SM4 5DX Tel: 020 8545 3777 - planning@merton.gov.uk


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