>
Plot for sale
Central Road (R), Worcester Park KT4
£1,150,000
Central Road (R), Worcester Park KT4
£1,150,000
Our Summary
- For Sale by Auction unless sold prior Mixed use investment / development opportunity, planning granted with scope to enhance STP
- Description - Mixed use investment / development opportunity for sale
- Planning has been granted for a new build scheme on the yard and further potential exists to extend the existing building STPLocation - The property is situated on Central Road which is an arterial route running through the centre of Worcester Park and benefits from good communication links by road, rail and bus services
- 2 sqm Duplex 2: Two bedroom 84 sqmIncome & Tenancies - Ground floor retail let on a short terms lease (INFO TO FOLLOW) with a passing rent of £24,000 pa - ERV £35 - £40,000 pa53a First floor flat let on an AST currently holding over with a passing rent of £10,200 pa - ERV £15,000 pa53b First floor flat let on an AST currently holding over with a passing rent of £11,400 pa - ERV £17,400 paPlanning - Planning granted for erection of two storey building providing a link to the front of the existing building to comprise 2 new residential units, retention of existing ground floor commercial unit, provision of car parking, cycle stores, refuse stores, external access stairs and landscaping
- Further information including plans can be found in our data roomTerms - For Sale in the upcoming Savills auction 11th December (Lot 565) unless sold prior Guide Price £1,150,000Data Room - Available on our website Access code: central1Viewing - By appointment only contact sole agentsChristopher St James[use Contact Agent Button]
Description
This mixed-use investment and development opportunity is situated on Central Road in Worcester Park, with a two-storey corner building comprising a retail unit and two self-contained flats. Planning has been granted for a new build scheme on the yard, and there is potential to extend the existing building. The property benefits from good communication links and is surrounded by a mix of local traders, including Sainsburys, Papa John's, and Pizza Express. The ground floor retail unit is let on a short-term lease with a passing rent of £24,000 per annum, while the two first-floor flats are let on ASTs with passing rents of £10,200 and £11,400 per annum. The property has a guide price of £1,150,000 and is being sold by auction on December 11th unless sold prior. Viewings are available by appointment only through sole agents Christopher St James.