>
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 in a prime location, currently occupied by Lloyds on the ground floor and upper floors. The building has potential for conversion into residential accommodation, with the possibility of retaining a retail space and extending the property vertically to the rear. The current lease with Lloyds generates £83,500 per annum until 2028. Conceptual plans are available for a remodelled retail space and seven flats across the ground, first, and second floors, which can be considered and investigated by potential buyers.