Consented mixed use development opportunity with planning granted for 5,000 sq ft of commercial at ground floor with 20 private sale apartments above - Contributions £280k - Sole Agents
Location
Located in the centre of Mitcham surrounded by both residential & commercial properties
Local occupiers include a range of multiple and independent retailers, together with other uses including dentists and office occupiers.
Retailers nearby include Superdrug, Lloyds Bank, Boots, Farm Foods, Lidl, Iceland, Poundland and more.
Nearest Stations:
Mitcham Eastfields 0.5 miles - (Southern & Thameslink Services)
Colliers Wood Underground 1.3 miles (Northern Line Services)
Bus Routes:
51,118,127,152,264,270,355,655, N133, S1
Existing Property
The site currently comprises two separate titles
33 - 35 Upper Green East - 2 x retail units with 2 x 3 bedroom flats above and a 2 storey light industrial unit to the rear
37 - 39 Upper Green East - Double fronted retail unit with 2 x 3 bedroom flats above
Plot size: 0.248 acres
Planning
Planning was granted by the London Borough of Merton ref: 19/P2747 For.....
Demolition of existing buildings and erection of a new four storey mixed use building comprising commercial units at ground floor level (Use class A1, A2, A3, A5, B1 or D1.) and 20 self-contained flats above with associated landscaping, bin and bicycle store
S106 & Cil Contributions
This is a car free development, owners, tenants and any future residents are not able to apply to the local authority for parking permits
S106 Financial contribution: £94,371
cil Contribution: £184,400
Gdv
Gdv Estimated in the region of £8,000,000
Terms
Offers in excess of £2,000,000 Freehold
The site is being sold with the benefit of vacant possession
Viewings
Contact Sole Selling Agents
Christopher St James