London Road, Tooting, SW17

Description :

Freehold commercial shop with two self-contained flats and a large lower ground basement. The property comprises an 845 sq ft ground floor convenience store currently trading and let, along with two residential flats above ? the first floor measuring 515 sq ft and the second floor 509 sq
In addition, there is a ground floor kitchen and shower room with a separate bedroom that can be rented (at approx 425 sq ft) subject to planning permission and there is a substantial lower ground basement of approximately 853 sq ft, currently unused and offering scope for conversion for 2 additional 1 bed flats (subject to planning).

This mixed-use property presents an ideal investment opportunity, benefiting from strong rental income and further development potential.

Location:

Situated on the busy London Road in SW17, the property enjoys high footfall in a thriving retail parade. Nearby occupiers include Lidl, Tesco Express, Sainsbury's Local and a range of independent shops, restaurants, and caf?s. Tooting railway station is located just 0.2 miles away, providing regular services into Central London. Tooting Broadway Underground (Northern Line) is also within walking distance, offering excellent connectivity for commuters. The A24 and A217 offer quick access to the wider South London and Surrey area.

Tenancies:

Commercial: Let to a convenience store operator Rent: ?TBC pa Lease terms: TBC

Residential: First Floor Flat: Let at ?1,400 pcm

Second Floor Flat: Let at ?1,450 pcm

Combined annual residential income: ?34,200 pa

Ground Floor: Vacant - While kitchen and shower room have been installed and bedroom is vacant, permission is required to let.

Basement: Vacant ? currently not in use . Planning permission would be required for conversion.

Planning:

There is scope to convert the basement into a self-contained unit or additional commercial/storage space (subject to planning).

Terms :

Offers in excess of ?850,000 are invited for the freehold interest.