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Commercial For Sale
Streatham Vale, Streatham, SW16 5SQ
595,000

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

Tenancy Information

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