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Land for sale
Northborough Road, London, SW16
£1,750,000
Northborough Road, London, SW16
£1,750,000
Our Summary
- An attractive investment opportunity presents itself with a existing development of six modern flats and a charming 3-bedroom bungalow, nestled at the vibrant junction of Northborough Road and Lyndhurst Avenue in Norbury, South West London
- Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property's prime location
Description
This attractive investment opportunity in Norbury, South West London, consists of six modern flats and a charming 3-bedroom bungalow, generating an annual rental income of £121,600. The property portfolio includes a mix of studio, one-bedroom, two-bedroom, and three-bedroom flats, as well as a three-bedroom bungalow, totaling approximately 360 square meters of living space. Notably, planning consent was obtained in 2019 for additional extensions on the side and rear of the flats, which, although lapsed, can be reinstated to enhance rental yields and capitalize on the property's prime location.