This freehold mixed-use property presents an intriguing opportunity for investors and owner-occupiers alike in the highly sought-after Merton Park Parade. The building is comprised of two distinct units, each offering unique potential for renovation and income generation.
The ground floor features a Class E commercial unit currently operating as a well-regarded Italian pizzeria, encompassing approximately 1,100 sq.ft. This space boasts a fitted professional kitchen, prep areas, restroom facilities, and a spacious dining area characterized by its rustic charm. While the unit will be delivered vacant, the seller is open to discussing a new tenancy arrangement should the buyer wish to maintain it as a restaurant or explore alternative Class E uses such as retail or office space.
On the first floor, you’ll find an expansive one-bedroom flat with its own private entrance, totaling over 540 sq.ft. This residence includes a generous reception area, kitchen, double bedroom, and bathroom. Notably, there is significant potential for reconfiguration; the loft can be converted (subject to planning permission) to transform this into a three-bedroom flat or alternatively redesign it into two individual one-bedroom flats across both levels.
The property is situated in Merton Park Parade, which benefits from high foot traffic and is surrounded by a robust residential community. The area’s convenience is further enhanced by nearby transport links including South Wimbledon Underground Station and Wimbledon Chase Rail Station. With an estimated rental income of approximately £1,500 per month for a one-bedroom flat in this locale, this property not only offers immediate utility but also solid long-term investment potential.
This combination of commercial viability and residential adaptability positions the property as an appealing option for those looking to invest or renovate in a vibrant neighborhood with strong growth prospects.
