Commercial property for sale in London, England

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 £650,000 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 Brochures Northborough Road 253 Saels particulars.pdfBrochure

Commercial property for sale in London, England

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