This property features two adjoining retail units with upper-level space, alongside a rear light industrial and warehouse unit that was formerly utilized by the vendor. The total footprint of the existing structures is approximately 8,150 square feet, set on a 0.24-acre lot.
At the back of the property, there is a car park accommodating up to eight vehicles. This area also includes several single-storey buildings and garages, which are currently vacant and in need of renovation. The current condition of these structures presents significant potential for redevelopment or refurbishment.
Recent planning permission has been granted (reference 21/0586/FUL) to demolish the existing buildings and construct eight residential apartments—comprising five one-bedroom units, two two-bedroom units, and one three-bedroom unit—alongside 5,807 square feet of commercial space. This approval establishes a solid foundation for development, allowing for possible alternative uses or increased density with the necessary consents.
The retail spaces on-site are currently tenanted: one unit is leased to Showprint at an annual rent of £15,500 until June 30, 2029, while another is occupied by Kingston Laser Clinic at an annual rent of £12,000 until January 31, 2029. Both leases include rolling mutual break clauses that provide flexibility for future planning.
With its strategic location and established permissions for redevelopment, this property offers notable investment potential in a growing area. The existing leases combined with the opportunity to enhance or entirely revamp the site make it a compelling prospect for forward-thinking investors or developers looking to capitalize on future growth.
