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Summary

Residenza are proud to offer to the market a mixed-use freehold investment opportunity on Upper Tooting Road, SW17 compromising a ground floor commercial and a split level two-bedroom apartment over first and second floors. Development potential subject to planning permission.

Ground - 930 sq ft 86.40 sqm
Residential - 916 sq ft 85.10 sqm
Total 1,846 sq ft 171.50sqm

1**A Upper Tooting Road (2 Bedroom Flat):
- Rental Income: £1,650 pcm
- Tenancy Started: Let on AST from March 2023 for 12 months
- Potential to increase rent to £1,850 pcm to current rent market

1** Upper Tooting Road (Shop): Dental Practice
- Rental Income: £2,666.66 P/M
- Lease Started: New FRI agreed from November 2023 for a term of 15 years, with a rent review every 5 years. Current tenant has been in occupation for 15 years.

The property is located in the heart of Tooting on close to the popular retail pitch of Tooting Broadway. The subject property is situated approximately 8 minutes' walk from Tooting Broadway Underground Station (Northern Line) and approximately 7 minutes' walk from Tooting Bec Underground Station (Northern Line) which connects the area to London Bridge and Waterloo in approximately 20 minutes. The area is also well served by numerous bus routes. Nearby occupiers include Tesco Express, Nandos and Lidl.

Note: 1.5% Buyers fee applicable on this sale

Additional Information

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