Land for sale in Northborough Road, London SW16
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Property features
- 7 Units in Total
- All rented out
- Great rental income
- Extension agreed to further extend (expired)
- Great location
- Open date for viewing
Property description
An attractive investment opportunity presents itself with a existing development of six modern flats and a charming 3-bedroom bungalow, nestled at the vibrant junction of Northborough Road and Lyndhurst Avenue in Norbury, South West London.
Currently generating an annual rental income of £121,600, this property portfolio comprises:
2 Studios: 32 square meters each
2 One-bedroom Flats: 40 square meters and 30 square meters respectively
1 Two-bedroom Flat: 60 square meters
1 Three-bedroom split level flat: 74 square meters
1 Three-bedroom Bungalow: 74 square meters
Notably, in 2019, the property owner successfully obtained planning consent for additional extensions on the side and rear of the flats. Although the planning permission has lapsed, it can be reinstated, offering significant potential to enhance rental yields and capitalize on the property's prime location.
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Property info
For more information about this property, please contact
Bairstow Eves - Norbury Sales, SW16 on +44 20 3463 0275 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bairstow Eves - Norbury Sales, and do not constitute property particulars. Please contact Bairstow Eves - Norbury Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.