The property is located within Stockwell on a highly desirable residential street. Stockwell offers a range of shops and leisure facilities, as well as being in close proximity to the amenities of Brixton and Clapham. There are numerous bus links from Stockwell Road and the site is only 600m from Stockwell Underground station.
The existing property comprises 3-storeys to the front of the site with commercial at ground level and the upper floors are two x one bedroom flats, to the rear is a substantial light industrial building. The footplate of the site measures approximately 2,200 sq ft. The gia of the existing buildings measures approximately 3,550 sq ft. The site is currently occupied by a dry cleaning business
Income from the flats £1150 & £1250 pcm (£28,000 per annum)
The immediate area is occupied almost exclusively by residential properties. The southern side of the street, on which the site sits, consists entirely of Grade ii-listed 19th Century cottages and houses. As such, the front façade of this property is also Grade ii-listed.
The property has been identified as having significant redevelopment potential due to the existing buildings towards the rear of the site, with potential for the development of apartments or mews houses, subject to obtaining the appropriate planning consents
Guide Price £1,300,000 Freehold
Unconditional offers only are being sought
Lambeth Council refused the below application Ref Ref. No: 20/03579/ful for ......
Change of use from Use Class E to Class C residential, demolition of existing rear extension, erection of a 3 storey rear extension to convert the existing mixed use E/C3 property into 7 flats by adding 5 new flats and converting the existing 1 bedroom flats into 2 bedroom flats, together with the addition of bin and bike storage.
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1) They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2) Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building, regulation or other consents and csj have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.