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13 bedroom flat for sale
Merton Road, London, SW19
£3,000,000
Merton Road, London, SW19
£3,000,000
Our Summary
- There may be some Development scope (Air Rights) subject to the usual planning permissions
- Fantastic Investment Opportunity
- Potential development scope (Air Rights) subject to planning permissions
Description
This modern purpose-built block is being sold as a freehold property, along with nine apartments, and a commercial unit on the ground floor that has been sold on a long leasehold with 979 years remaining. The apartments, ranging from one to two bedrooms, are self-contained with their own kitchens and bathrooms, and are held on 125-year leases from 2005. The property is currently generating an annual income of £169,740, with a potential earning capacity of £202,800. The site offers potential for development, subject to obtaining the necessary planning permissions, and is being sold subject to contract with an unconditional purchase.