38 bed property

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38 bed property

Land At Ravensbury Lane, Mitcham, Greater London CR4
£550,000

Our Summary

  • Key FeaturesLot 80 for saleTo view the property or see a virtual tour please refer to the full sales particulars on the auctioneers websitePreviously the subject of Planning Permission for 25 Residential Units (12 x One Bedroom Flats & 13 x Two Bedroom Flats)Site Area approximately 0

Description

This property, Lot 80, is a vacant site with planning permission for 25 residential units, comprising 12 one-bedroom flats and 13 two-bedroom flats. The site, which spans approximately 0.397 acres, is held on a 125-year lease from 2007, leaving around 108 years unexpired. The property is situated on Ravensbury Lane, close to Morden High Street, which offers a range of retail, restaurant, and professional services. The area is well-connected, with Belgrave Walk tram stop just 0.3 miles away and Mitcham Junction rail station 1.1 miles to the southeast. The site is also accessible via Morden Road, which links to the A24 and M25 motorway. Additionally, Morden is served by 15 bus routes, providing connections to nearby towns and airports, including Gatwick and Heathrow. Positive discussions have been held with Merton Council to extend the sub-lease to 250 years, and further information can be found in the legal pack.
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