Guide price
£575,000
Land for sale253 Northborough Road, Streatham, London SW16
EPC Rating: D
- Freehold
Christopher St James Plc
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About this property
Renovation Opportunity
Investor Opportunity
Investment / Development
Shop & Uppers
Income Producing
Planning Potential
For Sale
Freehold investment / development opportunity for sale
Prominent corner plot - Shop & Flat above with rear yard / garden
Description
Mixed use investment / development opportunity for sale.
Existing E class commercial unit to the ground floor with 2 / 3 bedroom residential flat above and yard / garden area to the rear, to the front is an additional hard standing area with advertising hoarding and possible parking
Location
The property occupies a prominent corner position on Northborough Road at its junction with Beckway Road and forms part of a mixed use parade.
Nearest Stations :
Norbury Station 0.9miles
Mitcham Eastfields Station 1.2 miles
Tenancies
Ground Floor Shop: Fri Lease for a term of 16 years from 6th February 2010
Passing Rent £11,500 pa (erv £17,500 pa)
Rent reviews every 4 years
2018 & 2022 rent reviews outstanding - time not of the essence.
First Floor Flat: Let on a new 12 month AST from 1st October 2024
No break clause
Passing rent £19,260 pa
Front Forecourt: Advertising hoarding, holding over, passing rent £250 pa
Rear Yard: Circa 1,141 sq ft - could be let separately - residential tenant has been allowed to use (not included in AST)
Terms
Guide Price £575,000 Freehold - Subject to planning offers are not being considered
Planning
No applications have been made - The site has clear potential for extension / conversion / demolition and new build subject to the relevant consents
Viewings
Contact sole agents Christopher St James
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