An excellent freehold mixed-use investment opportunity located on the borders of Streatham and Mitcham, positioned on Rowan Road, SW16. The property comprises two commercial retail units and three residential rooms, currently generating a strong rental income with further asset management and extension potential (subject to planning permission).

• Freehold Investment Opportunity
• Located on Rowan Road, SW16
• Mixed-use property comprising:
  • Two ground floor retail units
  • Three residential rooms on the first floor
  • One En-suite bathroom
  • Shared kitchen and bathroom facilities
• Potential for future extension or redevelopment (STPP)

Residential Tenancy Schedule

• Room 1: Let from 05/06/2024 – £10,200 per annum
• Room 2: Let from 19/09/2023 – £8,400 per annum
• Room 3: Currently vacant

Commercial Tenancy Schedule

• 19 Rowan Road:
  • Lease commenced 08/05/2023
  • 7-year lease term
  • £10,000 per annum
• 19A Rowan Road:
  • Lease commenced 08/05/2023
  • 5-year lease term
  • £7,000 per annum
• Total Rental Income: £35,600 per annum (with one vacant room)
• Gross Yield: 6.47%
• Strong investment with immediate income and future value-add potential
• Situated within an established South London residential and commercial area

Viewing highly recommended through the commercial sales team