Commercial property for sale in Sternhold Avenue, London SW2

• Unconditional offers in excess of £800,000 for the Freehold Interest
• Planning granted for 8 apartments and 2 retail units
• 1 minute walk to Streatham Hill Station
• gdv – c. £4,900,000
• Opportunity to design new scheme

Description

The land adjacent to 29 Sternhold Avenue is an opportunity for developers to alter the currently proposed scheme or design a scheme within the heart of Streatham.

The site has planning consent for 8 units with 2 commercial units on the ground floor. However, due to regulation changes and other issues, this consent is no longer implementable in the current state. There is the option to do several minor amendments on the current scheme, or to re-design the scheme completely (STPP), however all offers must be unconditional.

This site is in a prime position within Streatham and is extremely close to Streatham Hill Station and all the other amenities Streatham has to offer.

Existing

The site is currently vacant and we understand has never previously been developed.

Planning

Lambeth planning reference – 18/04036/ful - Minor Material Amendment required before planning can be implemented.

A bapa with Network Rail will also need to be agreed given the proximity of the site to the Network Rail boundary. The bapa agreement can be completed in conjunction with the planning application.

Price

Unconditional offers in excess of £800,000 for the freehold interest. Conditional offers will not be considered.

Method of Sale

The Property is being offered for sale via Informal Tender.

All offers should be submitted in writing along with proof of funds and details of any previous schemes.

VAT

We understand that VAT is applicable on this property.

Information Pack

Please contact either or for a link to all the documents, our gdv and comparable evidence.