Studio flat for sale

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Studio flat for sale

205 Streatham Road, Mitcham, Surrey, CR4
£600,000

Our Summary

  • Key FeaturesLot 54 for sale by auction on 22/05/2025To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers websiteInternally arranged to provide Ground Floor Commercial Premises subject to a FRI Commercial Lease from 23rd May 2024 until 7th January 2036Together with Five Room HMO Accommodation arranged over the Upper FloorsFirst Floor comprising Three Rooms (One with Kitchenette and One with Kitchenette with Shower/WC), Shower Room and Kitchen with Shower/WC offSecond Floor comprising Two Rooms (One with Kitchenette with Shower/WC), Kitchenette with WC and ShowerFour Rooms each subject to an Assured Shorthold Tenancy

Description

This property, Lot 54, is a unique opportunity for investors and developers. The ground floor is currently let as a commercial premises under a FRI lease until 2036, while the upper floors are arranged as a five-room HMO (House in Multiple Occupation) with five individual rooms, each subject to an Assured Shorthold Tenancy. The property is located on Streatham Road, with easy access to local amenities, transport links, and nearby towns. The area is well-connected, with rail services from Tooting and Streatham Common stations, and underground services from Tooting Broadway and Colliers Wood stations. The property is also situated near the A23 and A24 roads, making it an attractive option for those looking for a lucrative investment or development opportunity.