Lot 30 - 1, 2, 3 & 4 Park Avenue Mews, Tooting, CR4 2EL


About the property

Freehold Workshops with Planning Consent for Four Houses

London Borough of Merton

Situated off Caithness Road, in a popular residential area close to local shopping/ travelling facilities including Streatham Common & Tooting Rail Stations.  Streatham Common is also nearby.

Freehold Workshop units

No 1 & 2 are let on a lease dated 10th July 2019 to 9th July 2020 at £6,000 per annum.  

No 3 is let on a lease dated 19th June 2019 to 18th June 2020 at £4,800 per annum.

No 4 is let on a lease dated 1st December 2018 to 30th November 2019 at £3,900 per annum.

Producing £14,700 Per Annum

Prior approval has been granted by the London Borough of Merton on 9th January 2020 for the proposed change of use of property from light industrial to residential, creating Four Self-Contained Units.
(Planning Ref: 19/P3937). 

Note 1: There may be potential to enhance the existing scheme further subject to the necessary planning consents being obtained.

Note 2: Section 25 notices have been served on all three tenants.

Inspection: By arrangement with the Auctioneers

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