An opportunity to purchase a freehold mixed-use property in a prominent location in the London Borough of Lambeth.
The ground floor commercial unit currently trades as an Indian restaurant and comprises a front retail area and kitchen to the rear. The basement of the property comprises a storage unit, small office and toilets.
The upper floors comprise a large residential unit that contains 4 bedrooms and 3 separate showers. The property does need a complete overhaul however there is potential to increase the value of the property by an extension to the rear along with a full refurbishment of the property.
In April 2014 (14/00659/FUL) planning permission was refused for the erection of a part two-storey, part single-storey rear extension at first and second-floor levels to provide an additional self-contained residential unit, involving the relocation of an extract duct. We believe a more sympathetic design might gain approval however we encourage all interested parties to conduct their own research on the feasibility of the site.
Vacant possession will be provided, and viewings can be arranged upon request.
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