7-7A Merton Park Parade - Storefront Retail/Residential FOR SALE


London, LND SW19 3NT
$498,000 USD
7-7A Merton Park Parade, London, LND for Sale
$498,000 USD
Storefront Retail/Residential - FOR SALE
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7-7A Merton Park Parade
London, LND SW19 3NT


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Refurbishment/Development opportunity
  • Great transport links

OVERVIEW

The property comprise a two storey mid terrace property constructed in circa 1910 and sits under a pitched clay tiled roof. The ground floor until very recently was used as a laundrette with an open plan sales area. Behind this is a single storey ancillary storage building of brick construction with the ventilation pipes all under a pitched asbestos roof part of which has collapsed. Behind this is a small garden with dilapidated shed (believed to be asbestos), this can be approached via a shared narrow drive way from the far end of Merton Park Parade. A separate entrance to the front of the property leads to a self contained first floor flat comprising 1 bedroom, bathroom, kitchen and living room. The flat is in need of complete refurbishment and the entire property needs to be rewired and new plumbing installed. There is capped off mains electricity, gas and water to the building. There is a decent height loft above the flat and it is notable that a number of neighbouring properties in the parade have carried out loft conversions/extensions to add further bedrooms. So there could be potential subject to planning permissions to increase the size of the flat.

FOR SALE DETAILS

PRICE

$498,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,174 SF

ZONING

-

APN/PARCEL ID

SGL277136

ASK ABOUT THIS PROPERTY

Tim WilkinsonCattaneo Commercial LtdMore Info

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Tim WilkinsonCattaneo Commercial LtdMore Info

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