Ground floor A3/A5 Restaurant with 4-Bedroom Maisonette above - available Freehold for sale with full vacant possession.
Planning permission has been granted for the following:
(1) Change of use of the lower ground floor (ancillary to takeaway/restaurant) to provide a self-contained residential unit.
(2) Conversion of the upper parts into two 1-Bedroom flats with cycle storage.
( Agency Pilot Software ref: 510 )
Location
The premises are prominently located as part of a parade on the busy crossroad junction with Beynon Road, Carshalton Park Road and Pound Street opposite the St Philomena's High School for girls.
Accommodation
Ground Floor Restaurant Premises 579 sq ft (53.79sq m )
Lower Ground Floor (Flat) 578sq ft (53.70 sq m )
First Floor (Flat 1) 486 sq ft (45.15 sq m )
Second Floor (Flat 2) 507 sq ft (47.10 sq m )
Total Net Internal Floor Area 2,150 Sq Ft (99.74 Sq M)
Terms
The premises are available Freehold for sale with full vacant possession, at a Guide Price of £750,000. Alternatively, consideration will be given to letting the existing ground floor and basement restaurant premises on a new Full Repairing and Insuring Lease for a term to be agreed, at a rental of £24,000 per annum exclusive.
VAT The premises have not been elected for VAT.
EPC The EPC rating for this property is D (80)
Planning The property benefits from planning consent for the change of use of the lower ground floor (ancillary to takeaway/restaurant) to provide a self-contained residential unit including alterations to the lower ground floor rear fenestration, provision of a detached refuse store, cycle storage area, new boundary treatment and amenity space. Planning Ref: DM2020/02161. In addition, the upper parts of the property benefit from planning consent for the change of use from one four bed maisonette into 2 x 1 bed self contained flats with cycle storage. Planning Ref: DM2019/02018.
Legal Costs Each party is to be responsible for their own costs in this transaction
Specification
- Freehold with Full Vacant Possession
- Ground Floor Restaurant Premises
- Consented Site for two 1-Bed flats on first and second floors, and one residential unit to the lower ground floor
- Value Add Opportunity