Land for sale
Key information
Property description & features
- Investment / Development
- Shop & Uppers
- Currently Let & Holding Over
- Charity Shop
- 3 Bedroom Flat
- Sought After Location
- Airspace Potential
Shop & Upper with clear potential to increase height subject to the relevant consents
Description - Freehold investment / development opportunity comprising existing ground floor commercial unit with 3 bedroom flat above
The site boundary extends beyond the front and side of the existing buildings footprint which the local authority have paved and installed studs to show the ownership outline, The access to the rear is also owned within the demise and neighbouring properties have right of way only for deliveries
The passageway potentially unlocks the development of the airspace for the neighbouring properties without the need to interfere with the existing buildings (subject to the relevant consents).
Location - The property is situated within a mixed use parade on Coombe Lane at its junction with Durham Road
A wide range of bars, shops and restaurants are nearby both independant and national retailers, Waitrose, Sainsburys, Co - Op, Starbucks, Greggs, Anytime Fitness and more
Raynes Park Station is the closest being just 0.2 miles away (South Western Rail Services)
The A3 is also just 0.5 miles away offering quick access further in or out of London by road
Planning - Merton Planning Ref: 12/P1299
Implemented planning for a 2 storey extension at the rear creating a retail unit fronting Durham Road at GF and 1 bed flat above.
S106: Paid
The adjacent corner is 6 storeys and we feel a scheme of 6 - 7 floors here would be achievable subject to the the relevant consents
Tenancies - The commercial unit is let to Princess Alice Hospice at £40,000 p/a (Expired 16/3/22 - Holding over).
A lease renewal for a further 10 years has been negotiated and agreed, heads of terms are with solicitors but to date have not been signed
The new lease allows for development of the rear and also airspace should future planning be obtained.
The flat is let below market value on an AST at £16,200 p/a (Fixed term expired - Periodic)
Terms - Guide Price £900,000 Freehold
Viewings - Please do not approach staff - View by appointment - Contact sole agents - Christopher St James[use Contact Agent Button]
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Broadband availability and predicted speed: obtained from Ofcom on October 16, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on October 16, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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