£1,100,000
2 bed terraced house for saleSunnyhill Road, London SW16
2 beds
2 baths
1 reception
- Chain free
- Freehold
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About this property
Communal garden
Off street parking
Central heating
Double glazing
Wood floors
🌟 Mixed-Use Freehold Investment Property – Mitcham, CR4 🌟
Commercial Shop with 2 Flats Above | Development Potential | Rear Parking
We are pleased to offer this well-located mixed-use property in Mitcham, CR4. The property comprises a ground-floor commercial unit, currently trading as a convenience store and off-license, with two residential flats above. It presents a fantastic opportunity for investors or buyers looking for a home with additional income potential.
🏡 Key Features:
🏪 Ground Floor Shop: Let on a 15-year fr&I lease at £23,500 per annum
🏠 Two Flats Above:
• Flat 1: Let from 09 June 2025 at £1,300/month
• Flat 2: Let from 26 July 2025 at £1,400/month
• Total residential income: £32,400 per annum
💰 Total Rental Income: £55,900 per annum
🌿 Private Rear Yard: Space for cars or outdoor use
🏗️ Development Potential: Opportunity to extend upwards for additional flats, subject to planning consent
🔑 Upper Flats can be offered with vacant possession if required
📐 Floor Area: 1,829.86 sq.ft.
Additional Information:
Tenure: Freehold
Council Tax Band: C
Heating: Central heating
Parking: On-site rear parking / gated
Outside Space: Rear garden/yard
Chain: Chain-free
Possession: Tenanted (can be vacant on request)
Asking Price: Offers in excess of £1,100,000
Buyer’s Costs: The purchaser is responsible for the seller’s legal costs and disbursements
Why This Property is Ideal:
Excellent investment opportunity with immediate rental income
Prime location in Mitcham, close to shops, transport links, and amenities
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Great potential to increase value through development
Flexible options: Live in part of the property, rent out the rest, or purchase as a full investment
📞 Arrange a viewing today to explore this rare investment opportunity in Mitcham!
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