The subject property comprises a mid-terraced double retail unit with good sized ground floor areas to the front of the property with basement storage. This retail space is to be refurbished following a sub-division of the ground floor which will section off the rear of the property for proposed development.
The freehold interest includes 7 Flats on first and 2 upper floors which have been sold off on long leases
Location
The properties are located in a prominent position on Streatham High Road (A23), with extensive shop frontage and 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 (Southern) 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.)
Terms
TERMS - Freehold with vacant possession of the commercial space, and subject to various leases on upper floor flats.
Alternatively, a new lease may be considered on terms to be agreed.
PRICE - £550,000
RENT - £50,000 pa
USE - Class E (Commercial, business and service uses).
VAT - The property is not elected for VAT
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
RATES:
2023 List Rateable Value: £32,500
(Entire ground floor of building)
UBR 2024/2025 - £0.499p in the £
Interested parties should make their own enquiries with London Borough of Lambeth.
Source: VOA website.
Specification
- Double frontage to A23
- Substantial ground floor area
- Considered ideal for a variety of Class E uses
- Good public transport links