Investment / development opportunity for sale.
Mid terrace unbroken freehold comprising ground floor restaurant and two separate self contained flats above.
The ground floor has been opened up to form a double fronted premises trading as a successful family-run restaurant.
The property offers potential subject to the relevant planning consents to extend and convert the existing building increasing the number of residential units.
Location
The property is exceptionally well positioned for public transport.
Haydons Road station is just minutes away and provides Thameslink services toward Central London and Sutton.
Wimbledon station is approximately about 20 minutes walk offering National Rail, District Line Underground, and Tramlink connections for fast access to London Waterloo (approximately 16–18 minutes by train) and citywide destinations.
South Wimbledon Underground station (Northern Line) is around 10 minutes’ walk providing direct access to central and northern parts of London.
Accommodation
Two x shops & residential upper parts.
Terms
Tenancies:
Ground floor: Sold with vacant possession
343a: Let on a single AST @ £1,650 pcm (£19,800 pa) - Expired and holding over
345a: Let as 3 rooms on individual ASTs @ £1,775 pcm (£21,300 pa) - Two holding over the other let for 12 months from 01/08/25 with 6 month break clause
Planning - In 2024 the sellers submitted a planning application for extension / conversion creating a total of 10 units (inc commercial) which was incomplete and therefore withdrawn by the local authority.
Subject to the relevant consents we feel an additional 2 floors is possible with precedent already being set on a neighbouring building.
Services - Not checked
Terms - Unconditional offers only are being sought in excess of £1,250,000
Data Room - Further information found in the data room including
- ASTs
- Gas Certificates
- EICR
- Asbestos survey
- Fire risk assessment
- Planning
Specification
- Unbroken freehold
- Two x shops & residential upper parts
- Investment / development
- Good location
- Currently restaurant at Ground Floor