Residenza are proud to offer to the market this mix use development with planning permission to develop further in Streatham Vale, SW16. Postcode: SW16 5SQ Size: 1511.95 Sq/Ft EPC: To follow 99A Streatham Vale (2 Bedroom Flat): - Rental Income: ?1,400 P/M (Net: ?1,300 P/M After Management Fees) - Tenancy Started: July 2017 (Rolling Contract) 99 Streatham Vale (Shop): - Rental Income: ?833.33 P/M (Net) - Lease Started: August 2016 (6 Years, Thus having 2 years unexpired, tenant is happy to renew lease and stay on for further 6 years) 99 Streatham Value (Warehouse): - Currently Vacant - Commercial tenant is happy to take on rental contract at net income of ?800 P/M Planning Permission: Erection of a rear mansard roof extension, installation of a rooflight into the front roof slope, erection of a rear extension at first floor, and conversion of a ground floor retail storeroom and first floor flat into two residential units (1 x 1-bedroom and 1 x 2-bedroom) (18/02097/FUL) Local neighbours include Co-Op, Homebase & Betfred. The property is situated a short walk from Streatham Vale station. Current Total Rent Reserved: ?2,233.33 (Gross) = ?26,799.96 P/A Potential Rental Income With Warehouse: ?36,399.60 P/A Buyers Fee: 2%
Tenure : Freehold