Land for sale in Central Road, Morden SM4

An End of Terrace Building Arranged as a Ground Floor Lock-Up Shop (Takeaway), a Three Bedroom Ground, First and Second Floor Split-Level Flat and a Rear Workshop, Fully Let Producing £45,600 Per Annum. Offered with Planning Permission for Conversion into a Lock-Up Shop, a One Bedroom House and Three Self-Contained Flats (2 x One Beds & 1 x Two Bed).

50A Central Road (3 Bedroom Flat):
- Rental Income: £2,000.00 P/M (£24,000 per annum)
- Tenancy Started: August 2024 (12 months)

50 Central Road (Shop):
- Rental Income: £1,150.00 P/M (£13,800 per annum)
- Lease Started: March 2018 (15 years, thus having 10 years unexpired)

50 Central Road (Garage & Land):
- Rental Income: £650.00 P/M (£7,800 per annum)
- Licence Started: Dec 2021 (5 years, thus having 3 year unexpired, either party can serve three months" notice to vacate)

Current Total Rent Reserved: £3,800.00 P/M (Gross) = £45,600.00 P/A
gdv: £1,500,000

Planning
Merton Borough Council granted the following planning permission (ref: 23/P2841) (Subject to S.106) on 08/03/2024: 'Demolition of rear extensions and construction of part two part single storey rear extensions, hip to gable and rear dormer roof extensions with rear and front roof lights to facilitate the part change of use of shop and workshop to C3 (Residential) use to provide 4 self-contained flats (2x1-bed flats and 1x2-bed flat and 1x1 bed house) with associated refuse and cycle store'.

Buyers Fee of 1.5% Applicable