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61 High Street
Colliers Wood
London
SW19 2JF
Streatham High Road, Streatham, London SW16 3PX
Guide Price £1,050,000
Land - Building Plot
- Investment / Development For Sale
- Sellers will consider splitting the site
- Double fronted shop unit
- Two storey storage and office unit to rear
- Planning to demolish rear and build 4 x flats
- Opposite Streatham Common
- Close to Station
- EPC Rating D
- No CIL
- Car free development
** 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
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
Energy Efficiency and Environmental Impact
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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