Commercial property for sale in Stafford Road, Wallington SM6

From £1,300,000
Commercial property for sale

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Publicity House And Environ House, 106A Stafford Road, Wallington, Sm6 9Ay

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Property features

  • Development potential for 9 residential dwellings on site (subject to planning)
  • Site measuring 0.3 of an acre (Approximate)
  • Savills planning have carried out a planning note on the planning potential of the site (see legal documents)
  • Existing commercial space amounts to 7,312 sq ft (approximate) with a passing rent of £37,000 per annum
  • No VAT
  • 6 week completion available

Property description

Strapline

Auction Sale - 02/06/2021

Two existing commercial premises with residential redevelopment potential, comprising of 3 x four bedroom houses with private gardens and 6 flats comprising of 3 x two bedroom flats and 3 x one bedroom flats, with further potential to remodel or increase density of dwellings on site (subject to planning). Investment opportunity at £37,000 per annum.

Description



Freehold site with two existing commercial premises.

Environ House is a 2 storey office building located on the western boundary of the site.

Publicity House is a light industrial steel frame building arranged over ground and mezzanine located on the Eastern boundary.

The site is accessed via a lane way from the Stafford road.

The plot amounts to 0.3 of an Acre and offers redevelopment potential for 9 dwellings (subject to planning).

The site could also be retained for its existing commercial use.

Location



Wallington is predominantly a residential area located in London Borough of Sutton.

The site is accessed via a lane way of the northern side of the Stafford Road, between number 106 Stafford road and 108 Stafford Road.

Amenities and shopping facilities can be found on Stafford road and the main shopping parade on Woodcote Road.

Transport



Wallington Station is located 0.6 mile away (approximate) and offers train services to London Bridge.

Tenancy



Environ House is occupied by Mecserve Limited on a lease expiring on 12/12/2023.

The tenant has served their break notice to vacate on 13/12/2021

Their annual rent equates to £37,000 per annum.

Publicity House is occupied by a charity but will be offered with vacant possession on completion

on a license with a 6 week notice period.

Accommodation



The property has the approximate floor areas:

Environ House - arranged over 2 floors (c2,306 sq ft )

Publicity House - arranged over ground and mezzanine (c.5,006 sq ft)

Total 7,312 sq ft

Planning



Extensive plans have been created for further redevelopment of the site comprising of 3 x four bedroom houses with private gardens and 6 flats comprising of 3 x two bedroom flats and 3 x one bedroom flats with further potential to increase density of dwellings on site (subject to planning)

Savills planning have created a note on the site which can be viewed in the legal documentation. Highlights include

  • Site is located in an area earmarked for intensification
  • Possible change of use through a full planning application or Permitted development.
  • New use class order 2020/21 could potentially offer greater flexibility with change of use from commercial to residential

Arrange Viewing

For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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