This mixed-use property presents a valuable investment opportunity, comprising a row of six commercial units spanning ground and first floors. Currently, all the commercial spaces are fully let, generating a total annual rental income of £122,900.
The property is situated in Sutton, along Cheam Road, right at the heart of Sutton Town Centre. This prime location not only enhances visibility for the commercial tenants but also attracts foot traffic, making it an appealing spot for various businesses. Additionally, Sutton Railway Station is conveniently located just 0.1 miles to the south, providing easy access to major destinations such as London Bridge, St Pancras, Victoria, Clapham Junction, Wimbledon, and Epsom.
There is notable potential for renovation and redevelopment. The property may allow for significant enhancements through demolition and extensive residential-led development (subject to planning permission). Furthermore, there are possibilities for permitted development rights concerning air-space extension (also subject to permission), which could substantially increase the property's value over time.
With its solid current income stream and promising redevelopment prospects, this property stands out as a compelling option for investors looking to capitalize on both immediate returns and long-term growth in a thriving urban area.
