402-410 London Road

402-410 London Road, Mitcham

£1,400,000

Reference:
983
Type:
Residential
Tenure:
Freehold
Status:
Under Offer

Map

Please note: Locations and addresses are approximate and may not be as accurate as expected.

Details

An investment / development opportunity comprising a terrace of five x 3 bedroom houses situated on the A217 just south of Mitcham Town Centre. 

All properties are currently let on AST's which are out of the fixed period and holding over. The total rental income is below market value at £56,000 per annum which has been projected at £85,000 + following increases . 


Planning

Planning status: No Application

Planning authority: Merton Council

Application details:

An ideal investment opportunity with scope for extension and conversion or total re development subject to the relevant consents.