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Coombe Lane (R), London SW20 Plot for sale
Coombe Lane (R), London SW20
£750,000
Coombe Lane (R), London SW20
£750,000
Our Summary
- Development opportunity for sale Planning granted to extend and convert the existing upper floors creating 4 x flatsDescription - Consented development opportunity for sale Existing ground floor commercial unit (not included in sale - available by separate negotiation) with 3 bedroom flat aboveLocation - The property is situated within a mixed use parade on Coombe Lane at its junction with Durham RoadA wide range of bars, shops and restaurants are nearby both independant and national retailers, Waitrose, Sainsburys, Co - Op, Starbucks, Greggs, Anytime Fitness and moreRaynes Park Station is the closest being just 0
- 5 miles away offering quick access further in or out of London by roadPlanning - Merton council granted planning ref: 24/P1917 for
Description
This development opportunity is situated in a mixed-use parade on Coombe Lane, near Raynes Park Station and the A3. The property currently has a commercial unit on the ground floor, which is available separately, and a 3-bedroom flat above. Planning permission has been granted to extend and convert the upper floors into four self-contained flats, with a car-free development. The flat above the commercial unit is currently let on an AST until 2025, and the commercial unit has a 10-year lease from 2024. The guide price for the upper floors only is £750,000, and £1,200,000 for the entire freehold. The property offers a unique opportunity for developers to create a new residential development in a prime location with easy access to London.