2 bed terraced house

This mixed-use freehold property in Mitcham, CR4, offers a unique investment opportunity with immediate rental income. The property consists of a ground-floor commercial unit, currently trading as a convenience store and off-license, with two residential flats above. The commercial unit is let on a 15-year lease at £23,500 per annum, while the two flats above are let separately, generating a total residential income of £32,400 per annum.

The property also has a private rear yard, providing space for cars or outdoor use, and has development potential to extend upwards for additional flats, subject to planning consent. With a total rental income of £55,900 per annum, this property presents an excellent investment opportunity, with the potential to increase value through development. The property is being sold as a freehold, with the seller responsible for the buyer's legal costs and disbursements, and is available for offers in excess of £1,100,000.