Lot A Click here for addendum
An Unbroken Residential/Commercial Freehold in the same ownership for over 25 years:
- 30 Self-Contained Flats (12 x 3 Bed, 17 x 2 Bed & 1 x Studio)
- Let on 26 ASTs, 2 Regulated and 2 Vacant
- 7,184 sq ft Commercial Unit let as a 24 Hour Gym
- Kiosk
- 18 Garages (16 let & 2 Vacant)
- 9 Parking Spaces (all let)
- Currently producing £412,858 p.a.
- Planning for an additional 13 Flats (7 x 2 Bed & 6 x 1 Bed)
8 week completion
SITUATION
Located at the junction with Woodcote Road and Stanley Park Road, diagonally opposite a Sainsbury’s/Argos Supermarket, and at the southern end of the retail centre which houses The Square Shopping Centre along with such other multiple retailers as Costa, Greggs, Iceland, Boots, Tesco Express and many others.
The property is approx. ⅓ mile from Wallington Railway Station (services to London Victoria and Charing Cross) and 1 mile from Wilson’s School which is currently ranked No. 1 in the top 100 secondary state schools in the UK (source: Sunday Times Parent Power Supplement).
The Surrey town of Wallington is an affluent and sought after residential area which lies midway between Sutton and Croydon and approx. 12 miles south-west of central London with access to the M25 (Junction 7) being approx. 8 miles to the south.
PROPERTY
A substantial detached corner block built around a central courtyard comprising:
• A Ground Floor Commercial Unit (GIA Approx. 7,184 sq ft).
• A Ground Floor Kiosk.
• 30 Self-Contained Flats (12 × 3 Bed, 17 × 2 Bed & 1 × Studio) on ground, first and second floors, each with uPVC double glazing.
• 18 Garages (12 to the rear and 6 integral within the main building).
• 9 Parking Spaces.
The block has 5 street entrances, Flat 30 has its own separate entrance and there is a service road accessed from Stanley Park Road.
The entire Site Area is approx. 0.59 acres.
VAT is NOT applicable to this Lot
FREEHOLD
PLANNING
Planning Permission was granted on 29th March 2012 by the London Borough of Sutton for ‘Erection of an additional floor within the roof space and extension at second floor level to provide six 1-bedroomed and seven 2-bedroomed self-contained flats and provision of associated refuse and cycle storage’ Ref: D2011/64240/RPA.
According to the floorplans, the flats would comprise:
• 7 × 2 Bedrooms, Living Room, Kitchen, Bathroom/WC
• 5 × 1 Bedroom, Living Room, Kitchen, Bathroom/WC
• 1 × 1 Bedroom, Living Room, Kitchen, Shower/WC
The London Borough of Sutton issued a Section 192 Certificate of Lawful Use or Development on 19th February 2015, which determined lawful commencement of the development.
Click here to view the Planning Documents.
VIDEO TOUR
Click here to view the video tour of Flat 1
Click here to view the video tour of Flat 2
Click here to view the video tour of Flat 6
Click here to view the video tour of Flat 8
Click here to view the video tour of Flat 15
