£675,000
(£391.08/sq. ft)
Retail premises for saleGarratt Lane, Tooting SW17
1,726 sq. ft
EPC Rating: D
About this property
Freehold mixed-use investment & development opportunity with planning permission garratt lane, SW17
A rare opportunity to acquire a substantial freehold mixed-use property on the ever-popular Garratt Lane, SW17, offering immediate rental income together with significant asset management and development potential.
Currently generating an income of approximately £35,280 per annum, the property benefits from full planning permission to create two additional residential units, providing a compelling value-add opportunity in a highly sought-after South West London location.
The approved scheme comprises:
• Conversion of the rear ground floor commercial space into a spacious two-bedroom apartment
• Construction of a mansard roof extension creating a substantial three-bedroom apartment
• Retention of the existing commercial unit
Upon completion of the approved development, the property is projected to provide:
Estimated Rental Value (erv)
• Shop: £900 pcm
• Two-bedroom apartment: £2,250 pcm
• Three-bedroom apartment: £3,500 pcm
Total erv: Approximately £79,800 per annum
Estimated Gross Development Value (gdv)
• Shop: £150,000
• Two-bedroom apartment: £400,000
• Three-bedroom apartment: £450,000
Total gdv: £1,000,000
The building extends to approximately 1,726 sq ft (160.4 sq m) and offers excellent flexibility for investors, developers and owner-occupiers seeking a property with strong future growth prospects.
The commercial premises are currently let on a lease expiring in 2031; however, we are advised by the vendor that the tenant is willing to surrender the lease in exchange for a premium of £40,000, enabling a purchaser to commence development works immediately. The existing residential accommodation is occupied under a separate agreement and will be provided with vacant possession upon completion.
Location
Ideally situated on Garratt Lane, the property enjoys a prominent position close to local shops, cafés, restaurants and amenities, while benefiting from excellent transport links via Earlsfield Railway Station, providing fast and convenient access into Central London.
Key Features
• Freehold mixed-use investment
• Approved planning permission for two additional residential units
• Current income of approximately £35,280 per annum
• Projected erv of approximately £79,800 per annum
• Estimated gdv of £1,000,000
• Potential for vacant possession
• Approx. 1,726 sq ft (160.4 sq m)
• Excellent transport links
• No VAT applicable
• Strong development and income enhancement potential
Planning documents, approved drawings, CGI images and tenancy information are available upon request.
Early viewing is highly recommended.
A rare opportunity to acquire a substantial freehold mixed-use property on the ever-popular Garratt Lane, SW17, offering immediate rental income together with significant asset management and development potential.
Currently generating an income of approximately £35,280 per annum, the property benefits from full planning permission to create two additional residential units, providing a compelling value-add opportunity in a highly sought-after South West London location.
The approved scheme comprises:
• Conversion of the rear ground floor commercial space into a spacious two-bedroom apartment
• Construction of a mansard roof extension creating a substantial three-bedroom apartment
• Retention of the existing commercial unit
Upon completion of the approved development, the property is projected to provide:
Estimated Rental Value (erv)
• Shop: £900 pcm
• Two-bedroom apartment: £2,250 pcm
• Three-bedroom apartment: £3,500 pcm
Total erv: Approximately £79,800 per annum
Estimated Gross Development Value (gdv)
• Shop: £150,000
• Two-bedroom apartment: £400,000
• Three-bedroom apartment: £450,000
Total gdv: £1,000,000
The building extends to approximately 1,726 sq ft (160.4 sq m) and offers excellent flexibility for investors, developers and owner-occupiers seeking a property with strong future growth prospects.
The commercial premises are currently let on a lease expiring in 2031; however, we are advised by the vendor that the tenant is willing to surrender the lease in exchange for a premium of £40,000, enabling a purchaser to commence development works immediately. The existing residential accommodation is occupied under a separate agreement and will be provided with vacant possession upon completion.
Location
Ideally situated on Garratt Lane, the property enjoys a prominent position close to local shops, cafés, restaurants and amenities, while benefiting from excellent transport links via Earlsfield Railway Station, providing fast and convenient access into Central London.
Key Features
• Freehold mixed-use investment
• Approved planning permission for two additional residential units
• Current income of approximately £35,280 per annum
• Projected erv of approximately £79,800 per annum
• Estimated gdv of £1,000,000
• Potential for vacant possession
• Approx. 1,726 sq ft (160.4 sq m)
• Excellent transport links
• No VAT applicable
• Strong development and income enhancement potential
Planning documents, approved drawings, CGI images and tenancy information are available upon request.
Early viewing is highly recommended.
Mortgage calculator
Monthly repayment
£3,376 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}