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61 High Street
Colliers Wood
London
SW19 2JF
253 Northborough Road, Streatham, London SW16
Guide Price £575,000
Land - Building Plot
- 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 020 8296 1270
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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