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Summary

Residenza are proud to offer to the market this mix use development with planning permission to develop further in Streatham Vale, SW16.

Postcode: SW16 5SQ
Size: 1511.95 Sq/Ft
EPC: To follow

99A Streatham Vale (2 Bedroom Flat):
-    Rental Income: £1,400 P/M (Net: £1,300 P/M After Management Fees)
-    Tenancy Started: July 2017 (Rolling Contract)

99 Streatham Vale (Shop):
-    Rental Income: £833.33 P/M (Net)
-    Lease Started: August 2016 (6 Years, Thus having 2 years unexpired, tenant is happy to renew lease and stay on for further 6 years)

99 Streatham Value (Warehouse):
-    Currently Vacant
-    Commercial tenant is happy to take on rental contract at net income of £800 P/M

Planning Permission: Erection of a rear mansard roof extension, installation of a rooflight into the front roof slope, erection of a rear extension at first floor, and conversion of a ground floor retail storeroom and first floor flat into two residential units (1 x 1-bedroom and 1 x 2-bedroom) (18/02097/FUL)

Local neighbours include Co-Op, Homebase & Betfred. The property is situated a short walk from Streatham Vale station.

Current Total Rent Reserved: £2,233.33 (Gross) = £26,799.96 P/A
Potential Rental Income With Warehouse: £36,399.60 P/A
Buyers Fee: 2%

Additional Information

For further information on this property please call 0208 672 7979 or e-mail tooting@residenzapropertiesltd.com