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75 Knollys Road, Streatham, London... Residential development for sale
75 Knollys Road, Streatham, London, SW16 2JN
£450,000
75 Knollys Road, Streatham, London, SW16 2JN
£450,000
Our Summary
- Guide Price = £450,000+*For Sale By Online PublicAuction 23rd April 2025 09:30 AM
- To inspect the legal documents for this property go to our website to download the legal pack*A Freehold Ground Rent Investment and Roof Space Development Opportunity Offered with Planning Permission for the Construction of a Further 2 x Two Bedroom Flats All Secured Upon a Detached Building of Nineteen Flats (All Sold-Off on Long Leases) Currently Producing £6,775 Per Annum
- NotePlanningLambeth Borough Council granted the following planning permission (ref: 21/00343/FUL) on 9th March 2023: 'Erection of 2 x 2-bed units on roof of existing building, with provision for private amenity space, car and cycle parking, and refuse and recycling storage'
Description
This property is a freehold ground rent investment and roof space development opportunity located on a residential road near local shops and amenities. The detached building currently consists of 19 flats, all sold off on long leases, producing a combined ground rent of £6,775 per annum. Planning permission has been granted to construct two additional two-bedroom flats on the roof of the existing building, providing a further income stream. The property is being sold by online public auction on April 23rd, 2025, and interested parties can download the legal pack from the estate agent's website.