Retail premises for sale in Mitcham Road, Tooting SW17

Offers in region of £1,100,000 (£352.03/sq. ft)
Retail premises for sale 290 sq. m*
Interested in this property? Call +44 20 8166 7557 * or Request Details

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Property description

Investment/ development opportunity in prime tooting broadway, SW17

(Guide: £1,100,000 - £1,200,000) Residenza are proud to offer this freehold mix use commercial building in the heart of Tooting Broadway. The property currently comprises of a ground floor commercial unit let to a nail salon and a HMO flat above. The property also benefits from planning permission being granted for the conversion of the flat to provide 1 x two bedroom flat & 1 x three bedroom flat. Investment producing £55,000 P/A, with further development potential. Revised planning has been submitted as of 20/01/2020 to reconfigure and provide 2 x 1 bedroom flats and 1 x 2 bedroom flat after a positive planning meeting, planning has now been granted for 2 X 1 Beds & 1 X 2 Bed.

Planning Approved:
Alterations and erection of mansard roof extension to main rear roof; extension above part of three-storey back addition; erection of first floor rear extension. Alterations and relocation of rear ground floor entrance, provision of stairs and external first floor landing at side and part change of use of rear ground floor from Beauty Salon (Sui Generis) to residential (C3) in connection with conversion of first and second floor flat into 2 x 1-bedroom flat and 1 x 2-bedroom flat. Provision of refuse and cycle storage.

Plans available on request.

Buyers fee applicable

Further details to be requested via sole agent Residenza Properties Ltd.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Residenza Properties Tooting Ltd, SW17 on +44 20 8166 7557 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Residenza Properties Tooting Ltd, and do not constitute property particulars. Please contact Residenza Properties Tooting Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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