Two adjacent commercial units located on The Broadway in Cheam for sale with planning permission for two 1-bedroomed flats, two 2-bedroomed flat, two ground floor shops and one first floor office, for sale freehold for £650,000.
The site currently comprises 2 shops interjected with an alley. One of the existing shops is around 255ft²/23.6m², and the other shop is around 295ft²/27.3m² at the front and 1,640ft²/152.3m² of workshop and office space at the rear and on the first floor.
Planning permission (A2009/60822) was granted February 2009 for the following:
Redevelopment of number 10: From a ground floor shop of around 295ft²/27.3m² at the front and 1,640ft²/152.3m² of workshop and office space at the rear and on the first floor to a ground floor shop of around 230ft ²/21.4m², a rear ground floor 2-bedroomed flat, a first floor office of around 310ft²/29m², a 2-bedroomed flat and a 1-bedroomed flat.
Redevelopment of number 10a: From a ground floor shop of around 255ft²/23.6m² to a ground floor shop of around 235ft²/22m² and a first and second floor 1-bedroomed maisonette.
Estimated re-sale of each of the units are as follows:
Number 10
Ground Floor Shop - £80,000
Ground floor 2 bedroomed flat - £180,000
First Floor Office - £65,000
First Floor 2-bedroomed flat - £200,000
First Floor 1-bedroomed flat - £165,000
Number 10a
Ground floor Shop - £80,000
First and Second Floor 1-bedroomed flat - £190,000
ESTIMATED TOTAL RE-SALE VALUE = £960,000
There are 2 parking spaces existing, which are both to be retained in the planning for the residential units. The planning also includes provision for one parking space to the rear of number 10.
Please see the planning drawings for further guidance.
All enquiries welcome.