Merton Road, London, SW19

This property offers a unique investment opportunity featuring nine self-contained apartments within a modern purpose-built block. Spanning approximately 460.1 square meters (4,952 square feet), the layout includes five one-bedroom and four two-bedroom units, each equipped with its own kitchen and bathroom. Notably, two of the apartments have access to private gardens, adding to their appeal. The ground floor commercial unit has already been secured on a long leasehold of 999 years, providing a stable income stream from the outset. The residential leases are set for 125 years starting from 2005, which leaves an impressive 105 years remaining. Currently, the property generates passing rents of £169,740 per annum against an estimated rental value (ERV) of £202,800 per annum. An attractive aspect of this investment is the potential for further development; there may be opportunities to explore air rights or other enhancements, pending necessary planning permissions. Additionally, the structure is held partly by an individual and partly within a clean Special Purpose Vehicle (SPV), offering flexibility in management and ownership. Located in a desirable area, this property not only provides immediate rental income but also presents possibilities for future growth through renovation or expansion. Overall, it serves as a solid addition to any investment portfolio due to its mix of existing cash flow and upside potential.