Property Information
Address:
18 Upper Tooting Road, Tooting, London
, SW17 7PG
, London
, england
Price: Property no longer available.
Size: 1675 sq ft156 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH664066
Property Ref/Agent: 30690
*Please use the agent ref when calling the agent directly.
Property description
A rare opportunity to purchase a prominent, income producing freehold with further potential in Tooting, SW17.
The property is arranged as a ground floor retail unit and two self-contained 2 bedroom flats in the uppers. There is a vacant 400sqft outbuilding that sits to the rear which may offer development potential (stpp), the outbuilding is not contained within the commercial or residential leases.
The ground floor retail unit measures c.1,000sqft and is let to a pharmacy at a passing rent of £30,000p/a. There are 11 years unexpired, and rent reviews in May 2022 & 2027. The uppers include two self-contained 2 bedroom flats measuring 555 sqft & 620 sqft respectively, both let on ASTs at passing rents of £1,325pcm & £1,500pcm. Both the commercial unit and flats are in good condition throughout.
The vacant outbuilding sits directly to the rear of the main building and was historically part of a larger stables, in more recent times has been used for storage. The footprint is measures c.225 sqft, there is a mezzanine floor which brings the total up to 400 sqft, and it benefits from lapsed consent for change of use into offices. Buyers may see further potential with the outbuilding (stpp).
A freehold investment with possible planning gain in Tooting…we don't envisage this being on the market for long.
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