Our Summary

• Freehold investment / development opportunity for sale
• Sole AgentsDescription - Investment / development opportunity The property is on a single title with 2 separate detached buildings comprising Car repair / MOT station let on a long lease which expires in 2027 and office space let on short term agreements with 2 months notice required for vacant possession
• 5 miles (Thameslink Services) Colliers Wood Underground Station - 1 mile (Northern Line Services)Tenancies / Income - MOT Station: 20 year lease expires Nov 2027 - Passing Rent £36,000 pa Occupying the majority of the ground floor space in the front office building, yard space and all units industrial units to the rear Private tenants: Short term license agreements with 2 months notice required for vacant possession - Passing rent £24,000 pa let separately to two private individuals Total Passing Rent: £60,000 paPlanning - Subject to the relevant consents it is felt the site would lend itself to a mixed use or residential development Scope also exists for extension / refurbishment works to increase the rental incomeTerms - Guide Price £1,000,000 Freehold Please be advised that subject to planning offers are not being consideredViewing - Viewings are strictly by appointment only Running businesses are in occupation and interested