A Freehold Terrace of Five Workshops Offered With Planning Permission for Conversion into Four Residential Mews Houses

The five terraced units are arranged over ground and in parts first floors.

Location

The properties are situated on a mainly residential road close to local shops and amenities. The open spaces of both Lavendar Park and Figges Marsh are within close proximity. Transport links are provided by Tooting and Streatham Common rail stations.

Planning

Merton Borough Council granted the following Prior Approval application (ref: 20/P1301) on 29th June 2020: 'application to determine whether prior approval is required in respect of the proposed change of use from light industrial (use class b1c) to residential (class c3).' A further planning application (ref: 20/P2849) was submitted on the 30th November 2020: 'alterations to raise the existing roof in line with adjacent unit, with provision of new dormer windows'.

Proposed Accommodation

Unit 6,7 & 8 2 x Approx. 60 sq m Mews Houses Unit 9 & 2A 1 x Approx. 50 sq m Mews House 1 x Approx. 40 sq m Mews House External 1 x 12 sqm bin / cycle

Tenancy

The units are each subject to a short term licence which can be terminated by completion if requested producing a combined rent of £2,000 per calendar month.

Current Rent Reserved

Current Combined Rent Reserved £24,000 per annum (equivalent)

Similar approved planning applications on the adjacent units 1-4 were recently granted and building works are nearing completion.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.