Auction House London

Lot 53

Residential Development - Commercial Property 

2A, 6, 7-8, 9 Park Avenue Mews Park Avenue

Mitcham, Surrey, CR4 2EL

£550,000+

Guide Price (plus fees)

A Freehold Terrace of Five Workshops Offered With Planning Permission for Conversion into Four Residential Mews Houses

Description

The five terraced units are arranged over ground and in parts first floors.

Location

The properties are situated on a mainly residential road close to local shops and amenities. The open spaces of both Lavendar Park and Figges Marsh are within close proximity. Transport links are provided by Tooting and Streatham Common rail stations.

Planning

Merton Borough Council granted the following Prior Approval application (ref: 20/P1301) on 29th June 2020:
'application to determine whether prior approval is required in respect of the proposed change of use from light industrial (use class b1c) to residential (class c3).'

A further planning application (ref: 20/P2849) was submitted on the 30th November 2020:
'alterations to raise the existing roof in line with adjacent unit, with provision of new dormer windows'.

Proposed Accommodation

Unit 6,7 & 8
2 x Approx. 60 sq m Mews Houses

Unit 9 & 2A
1 x Approx. 50 sq m Mews House
1 x Approx. 40 sq m Mews House
External
1 x 12 sqm bin / cycle

Tenancy

The units are each subject to a short term licence which can be terminated by completion if requested producing a combined rent of £2,000 per calendar month.

Current Rent Reserved

Current Combined Rent Reserved £24,000 per annum (equivalent)

Note

Similar approved planning applications on the adjacent units 1-4 were recently granted and building works are nearing completion.

Joint Agent

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 2A, 6, 7-8, 9 Park Avenue Mews Park Avenue, Mitcham, Surrey, CR4 2EL

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