£650,000
(£376.59/sq. ft)
Light industrial for saleGarratt Lane, London SW17
1,726 sq. ft
About this property
Freehold
Development Opportunity
Freehold mixed-use investment
Planning permission for two additional flats
Current income approx. £35,280 p.a.
Estimated gdv approx. £1,100,000
Estimated erv approx. £79,800 p.a.
£0 cil liability confirmed by Wandsworth Council
Approx. 1,726 sq. Ft / 160.4 sq, M
Strong development and asset management potential
Chain Free
The property currently produces approximately £35,280 per annum and comprises an existing commercial unit together with residential accommodation. The approved scheme provides for the conversion of the rear ground-floor space into a two-bedroom apartment and the creation of a substantial three-bedroom apartment at first-floor/roof level, while retaining the commercial unit.
On completion, the property is estimated to provide a gross development value of approximately £1,100,000, or an estimated rental income of approximately £79,800 per annum. Written confirmation has also been obtained from Wandsworth Council that no cil is payable in respect of the approved developments.
An excellent opportunity for investors and developers seeking to add value through implementation of the existing planning permission, in a well-connected South West London location.
Buyer's fee: 2.00% + VAT
Planning documents, approved drawings, CGI images and further tenancy information are available upon request.
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