Bedford Park
Streatham High Road
London
Greater London
SW16
£ 525,000
Freehold
Freehold for sale with full vacant possession.
The property is situated in close proximity to the town centre, on Streatham High Road, approx 100 meters north of Streatham Station. Surrounding properties comprises mainly of secondary retail & residential. The suburb is served by the A12, which provides access into the central of London, Croydon and the M25.
The area just south of Streatham station, which is owned by TESCO, will soon be transformed with a brand new Olympic-size ice rink, swimming pool and fitness centre, a major new food store and 300 units of housing as well as significant improvements to transport connections, linking road and rail.
The £100 million Streatham Hub Project expects building works to start in early 2009, with completion expected in late 2010.
The property is structurally sound and in reasonable order given its age and use. Internally the property is tired and is in need of re-decoration. The premises is trading as a pub over basement, ground, 1st, 2nd, 3rd & 4th floors. The ground & 1st floors are used as a public house, with the basement used as a cellar/ancillary. The top 3 floors are used as bedsits (8) with shared bathroom/kitchen facilities.
A planning application has been submitted (plans attached) for a mixed use scheme providing commerical space over baement and ground floor levels and 6 flats above.
Rateable Value: £27,250 pa
http://www.paramountinvestments.co.uk/Property-for-sale-London-SW12-1
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