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Sutton SM1 Residential development for sale
Sutton SM1
£1,200,000
Sutton SM1
£1,200,000
Our Summary
- On the basis of the building's layout - but subject to investigation by purchasers - there is potential to convert the upper parts and some of the ground floor rear into residential accommodation, while retaining a retail space, along with further potential for vertical extension to the rear of the property, increasing the mass
- Greater London freehold with extensive development potential
- Potential for residential conversion and new build, retaining retail
- Potential to reconfigure to self-contained ground floor commercial
Description
The property is a three-storey, mid-terrace building with a ground-floor banking unit occupied by Lloyds, with potential to convert the upper floors and rear of the ground floor into residential accommodation while retaining a retail space. The building's layout suggests opportunities for vertical extension to the rear, increasing its mass. Lloyds' lease offers £83,500 pax rent until March 2028, and conceptual plans are available for a remodelled retail space and seven flats across the ground, first, and second floors, which can be investigated by potential buyers.