Property photos
Guide price
£675,000
(£0.01/sq. ft)
Land for sale
Central Road, Morden SM491,476,000 sq. ft
Local area information
Property location
Nearby amenities
- Perseid School (SEN) 0.2 miles
- Abbotsbury Primary School 0.2 miles
- Morden 0.4 miles
- Morden South 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
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
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
Floor plans and tours
Floor plans (3)
More information
Listed by
Residenza Properties Tooting Ltd
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Residenza Properties Tooting Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Residenza Properties Tooting Ltd for full details and further information.