Property photos
£750,000
(£272.00/sq. ft)
Land for sale
Central Road, Morden SM42,750 sq. ft
Local area information
Property location
Nearby amenities
- Perseid School (SEN) 0.2 miles
- Abbotsbury Primary School 0.2 miles
- Morden 0.4 miles
- Morden South 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
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Freehold
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Development Opportunity
Residenza are proud to offer to the market this mix-use development opportunity with planning granted (Subject to Section 106) to provide 2 X 1-bed flats and 1 X 2-bed flat and 1 x 1 bed house on Central Road, SM4.
Postcode: SM4 5RP
Size: 2719 Sq/Ft
EPC: To follow
50A Central Road (3 Bedroom Flat):
- Rental Income: £1,700.00 P/M (£20,400 per annum)
- Tenancy Started: September 2020 (Rolling Contract)
50 Central Road (Shop):
- Rental Income: £1,150.00 P/M (£13,800 per annum)
- Lease Started: March 2018 (15 years, thus having 10 years unexpired)
50 Central Road (Garage & Land):
- Rental Income: £650.00 P/M (£7,800 per annum)
- Licence Started: Dec 2021 (5 years, thus having 3 year unexpired, either party can serve three months" notice to vacate)
Current Total Rent Reserved: £3,500.00 P/M (Gross) = £42,000.00 P/A
gdv: £1,500,000
Planning Permission:
Demolition of rear extensions and construction of part two part single storey rear extensions, HIP to gable and rear dormer roof extensions with rear and front roof lights to facilitate the part change of use of take away and workshop to C3 (residential) use to provide 4 self-contained flats (2 X 1-bed flats and 1 X 2-bed flat and 1 x 1 bed house) with associated refuse and cycle storage. Replacement of ventilation system.
Buyers Fee of 2.0% Applicable
Postcode: SM4 5RP
Size: 2719 Sq/Ft
EPC: To follow
50A Central Road (3 Bedroom Flat):
- Rental Income: £1,700.00 P/M (£20,400 per annum)
- Tenancy Started: September 2020 (Rolling Contract)
50 Central Road (Shop):
- Rental Income: £1,150.00 P/M (£13,800 per annum)
- Lease Started: March 2018 (15 years, thus having 10 years unexpired)
50 Central Road (Garage & Land):
- Rental Income: £650.00 P/M (£7,800 per annum)
- Licence Started: Dec 2021 (5 years, thus having 3 year unexpired, either party can serve three months" notice to vacate)
Current Total Rent Reserved: £3,500.00 P/M (Gross) = £42,000.00 P/A
gdv: £1,500,000
Planning Permission:
Demolition of rear extensions and construction of part two part single storey rear extensions, HIP to gable and rear dormer roof extensions with rear and front roof lights to facilitate the part change of use of take away and workshop to C3 (residential) use to provide 4 self-contained flats (2 X 1-bed flats and 1 X 2-bed flat and 1 x 1 bed house) with associated refuse and cycle storage. Replacement of ventilation system.
Buyers Fee of 2.0% Applicable
Floor plans and tours
Floor plans (1)
More information
Listed by
Residenza Properties Tooting Ltd
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