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

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,000 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

Other Lots in the Sale