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10 bedroom block of apartments for sale
The Broadway, London
£2,650,000
The Broadway, London
£2,650,000
Our Summary
- SUMMARYAUCTION SALE 15 April 2025 - Two substantial freehold buildings arranged as two ground floor shops (98 The Broadway benefits from a basement level) and two first and second floor residential units (7 room HMO and three bedroom flat)Planning permission for 9 new self-contained flatsInvestment (Rent reserved: £188,129
- 88 pa)DESCRIPTIONTwo substantial freehold buildings arranged as two ground floor shops (98 The Broadway benefits from a basement level) and two first and second floor residential units (7 room HMO and three bedroom flat)Planning permission for 9 new self-contained flatsInvestment (Rent reserved: £188,129
- Planning permission for nine new self-contained flats has been granted
- 88 per annumPlanning:Planning permission was granted by The London Borough of Merton on the 16th November 2018 under planning application reference 15/P1569 for alterations and extensions to create 8 x 1 bedroom flats and 1 x 2 bedroom flat to the upper floors and extension to retail unitNote: Both tenants have expressed a desire for their leases to be extended once the term ends
- AUCTION SALE
Description
This property is a freehold building comprising two ground floor shops and two residential units, including a 7-room HMO and a three-bedroom flat. The shops are let on leases that expire in 2027, while the residential units are let on individual tenancy agreements. Planning permission has been granted to convert the upper floors into nine self-contained flats. The property benefits from a busy location on The Broadway in Wimbledon, with good public transport links and a densely populated residential catchment. The annual rent reserved is £188,129.88, making it an attractive investment opportunity. The property is being sold at auction, with a guide price that may be subject to variation.