Under Offer

North Cheam, SM3 – Freehold investment and development opportunity

Haredon House, 810 London Road, North Cheam, SM3 9BJ

Offers in excess of £13,500,000

Property Types:
Development Opportunity, Residential
Tenure:
Freehold

Description

  • Freehold investment and development opportunity
  • Opportunity to acquire a freehold site of approximately 0.393 ha (0.97 acres) within the London Borough of Sutton
  • The total GIA of the existing building is approximately 3,989.3 sq m (42,940 sq ft)
  • Single storey retail unit let to Topps Tiles until December 2028 with a total current passing rent of £60,000 per annum
  • 44 of the existing 45 residential apartments are let on ASTs totalling a current passing rent of £550,838 per annum, the remaining one unit is vacant
  • Total current passing rent of £610,838 per annum
  • Planning permission granted for conversion and extensions to create an additional 65 new residential apartments
  • 100% private accommodation

Offers in excess of £13,500,000, subject to contract and exclusive of VAT

Subject to contract