Garratt Lane, London, SW17

This freehold mixed-use property presents a valuable investment opportunity on Garratt Lane, SW17. With current rental income of around £35,280 per year, the building not only generates cash flow but also offers robust potential for development and asset enhancement. The property comes with planning permission for converting the existing rear ground floor commercial space into a generous two-bedroom apartment and adding a mansard roof extension to create a substantial three-bedroom apartment, while retaining the existing commercial unit. Once these developments are completed, the projected rental income could rise to approximately £79,800 annually, significantly increasing the asset's value. The total estimated gross development value is around £1 million. Situated in a prime location with excellent transport links and proximity to local amenities, this property is ideal for investors or owner-occupiers looking to capitalize on its transformation prospects.