This mixed-use freehold property in Mitcham presents a compelling investment opportunity. Comprising a ground-floor commercial unit currently operating as a convenience store, alongside two residential flats above, the layout offers versatile options for future owners or investors. The commercial space benefits from a long-term lease generating annual income, while the residential units provide additional revenue streams with good rental potential.
The property includes a private rear yard suitable for parking or outdoor activities and boasts development potential for upward expansion, subject to securing the necessary planning permissions. With the possibility of offering vacant possession for the flats, this property allows for varied strategies, whether retaining current tenants or maximizing value through renovations and development. Overall, it's strategically positioned near local amenities and transport links, making it an attractive prospect for those looking to enhance their investment portfolio or secure a family home with supplementary income.
Key aspects include a total rental yield of £55,900 per year and prime location advantages that could further appreciate in value with strategic improvements.
