Hambly Mansions, Streatham High Road, London | Property for sale | Savills
Guide price £950,000

Hambly MansionsStreatham High Road, London

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • 4 units/2 x double fronted commercial units, flats on upper floors & a rear yard
  • Commercial space approx. 7,976 sq ft (741 sqm) low capital value £119 a sq ft
  • Potential to utilise space at rear of the shops to be converted into dwellings
  • Located opposite Streatham Park an approx. 0.3 miles from Streatham Station
  • 6 week completion available
  • Plans have been drawn up for 8 dwellings (5xtwo bedroom and 3xone bedroom flats)
  • Reversionary value in 2 flats that have been sold off on long lease
  • No VAT on sale price
  • Asset management potential to let out the vacant commercial units

An asset management/planning opportunity Freehold mansion block with vacant commercial units on the ground floor (4 units / 2 x double fronted commercial units) & flats on the 1st, 2nd & 3rd floor sold off on long leases (2 flats with reversionary potential) There is a large rear yard to the property with development potential (subject to the requisite consents) and plans have been drawn up for 5 residential dwellings and conversion of the rear commercial units into a additional 3 dwellings.

About this property

  • A freehold corner property comprising of 4 units/ 2 x double fronted commercial units on ground floor & basement and flats in the upper floors (sold off on long lease). There is instant asset management potential to let out the vacant units and further development potential to build 5 dwellings in the rear yard and/or convert the rear commercial units into a additional 3 dwellings. (subject to the requisite consents) Plans have been drawn up for 8 flats (5 x two beds and 3 x one beds). Unit 1 - 2 Bedroom - 836 sq ft (77.7 sqm) Unit 2 - 1 Bedroom - 656 sq ft (61.6 sqm) Unit 3 - 2 Bedroom - 836 ss ft (77.7 sqm) Unit 4 - 1 Bedroom - 666 sq ft (61.9 sqm) Unit 5 - 2 Bedroom - 836 sq ft (77.7 sqm) Unit 6 - 1 Bedroom - 734 sq ft (68.2 sqm) Unit 7 - 2 bedroom - 882 sq ft (82 sqm) Unit 8 - 2 Bedroom - 835 sq ft (77.6 sqm) There is also reversionary value on 2 of the flats sold off on long lease that have lease lengths of 50 and 71 years (Please refer to the legal pack)

Local information

  • The property is located on the west side of Streatham High Road and at the junction with Barrow Road.
  • Streatham Station is located an approx. 0.3 miles from the property
  • Transport
  • Streatham Station - National Rail services