Land for sale

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Land for sale

1-5 Waylett Place, London
£850,000

Our Summary

  • Potential to either increase existing income, whilst pursuing PP or to secure VP and occupy for one’s own use
  • Asset management potential to improve the passing rent
  • Industrial site with development potential (Subject to the requisite consents)

Description

This freehold industrial site in the London Borough of Lambeth comprises a collection of outbuildings, light industrial space, and open yard space, with a total NIA of 4,941sqft. The site is currently occupied by MOT workshops and a hand car wash, with five commercial units ranging in size from 570 to 1,948 sqft. The property is being sold with four occupational leases in place, producing a low annual income of £44,464. The site offers potential for increasing existing income, pursuing planning permission, or securing a vacant possession to occupy for one's own use. With its location on Waylett Place, directly behind Norwood Road, the site is surrounded by a range of uses, including retail, residential, and office space, and is just a short walk from West Norwood train station, providing access to National Rail services into Central London.
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