The subject property currently comprises a mid-terraced double retail unit with good sized ground floor areas to the front of the property with basement storage, together with office and further storage accommodation arranged over ground and first floors.
The retail area is vacant offering the potential for a large single occupier or sub-division to create smaller units.
The rear area offers redevelopment potential. See planning section for more details.
Location
The property is located to the rear of three prominent shop units on Streatham High Road (A23), overlooking Streatham Common.
Streatham train station is less than a 10 minute walk from the property and provides easy access to London Bridge and East Croydon and Thameslink services.
Bus stop for numerous routes outside of property.
Accommodation
No.444
Ground (GIA) 826 sq. ft. ( 76.70 sq. m.)
Basement (GIA) 372 sq. ft. ( 34.53 sq. m.)
Sub Total 1,197 sq. ft. (111.23 sq. m.)
No.446
Ground (GIA) 836 sq. ft. ( 77.70 sq. m.)
Basement (GIA) 377 sq. ft. ( 35.02 sq. m.)
Sub Total 1,213 sq. ft. (112.72 sq. m.)
TOTAL 2,410 sq. ft. (223.95 sq. m.)
FLAT A – 3 bed, 4 people 1,039 sq. ft. (96.50 sq. m.)
FLAT B – 1 bed, 1 person 469 sq. ft. (43.60 sq. m.)
FLAT C – 1 bed, 1 person 463 sq. ft. (43.00 sq. m.)
FLAT D – 3 bed, 4 people 830 sq. ft. (77.10 sq. m.)
Total Amenity space 789 sq. ft. (73.30 sq. m.)
TOTAL 3,590 sq. ft. (333.50 sq. m.)
Terms
PLANNING - Planning granted for Demolition of existing ground floor rear additions and erection of a two storey ground floor rear extensions to provide 2x 1-bed and 2x 3-bed residential units together with the provision of shared amenity space, cycle and recycle storage. (Application number 25/01233/FUL refers).
In addition to the accommodation schedule, this development will provide for 8 bike parking spaces and 2 x 660 litre bin storage to be shared between the flats.
Each flat and room within meet or exceed the minimum requirements set in the London Housing Design Guide. Also, each flat has its own garden. Flat A & D have balconies. This amenity space is also in excess of the minimum requirements.
PRICE -£1,100,000 for the freehold interest with vacant possession of the commercial space, and subject to various leases on upper floor flats.
TENANCIES:
444 Streatham High Road
Flat A – studio flat – expires 20/05/2118
Flat B – 2 bedroom flat – expires 24/12/2081
Flat C – 3 bedroom flat – expires 24/12/2171
446 Streatham High Road
Flat A – 2 bedroom flat – TBA
Flat B – studio flat – expires 23/06/2144
Flat C – 1 bedroom flat – expires 23/06/2144
Flat D – studio flat – TBA
VAT - The property is not elected for VAT.
USE - Class E (Commercial, business and service uses).
RATES:
2026 List Rateable Value: £38,000
UBR 2026/2027 - 38.2p in the £
Interested parties should make their own enquiries with London Borough of Lambeth.
Source: VOA website.
LEGAL COSTS - Each party to bear their own legal costs incurred in this transaction.
EPC Rating - Band D (94).
EPC Expires - 28 March 2034.
Specification
- Easy access to A23
- Planning already granted
- Good letting location
- Ideal development / investment opportunity
- Good public transport links