London Road, Norbury, London, SW16

FOR SALE: Outstanding mixed-use freehold corner building property with development potential (STP) in a highly desirable location.

Formerly the home of Berg & Standing, the renowned Rolls Royce car dealer of the 1960’s this is now a fabulous opportunity to purchase the Freehold of this substantial corner building offered to the market for the first time in over 60 years and located in the heart of Norbury, SW16. This appealing mixed use property provides expansive accommodation across three floors with a combined income of £54,250 per annum.

The ground floor showroom premises (Sui Generis) has a fully glazed and impeccable forecourt frontage, directly onto the highly visible London Road, leading to an open plan sales area at ground floor level, a small office and washroom, and a number of additional car storage bays within the separate large garage unit located to the rear of the property.

The upper two floors of this substantial building provide two extremely generous private residential apartments (C3) with appealing triple aspects and excellent ceiling heights throughout. These properties are currently let on AST’s and would benefit from a programme of refurbishment going forwards. There are a number of differing opportunities to enlarge the property to the rear, allowing for a central core of access to the residential uppers and the potential for an increased number of units, thereby accelerating the letting income for the future, all of which is subject to planning.

The building is located on the corner of London Road (A23) and Melrose Avenue in Norbury, South West London. The surrounding area comprises a mix of retail shops along London Road with a series of highly desirable residential districts predominantly located to the rear. A key attribute remains the favourable communications with the A23 London Road providing easy access to Central London and the M25 / M23 to the South. Norbury mainline train station is within easy walking distance.

The property enjoys genuine prominence along this well regarded thoroughfare, being located within a retail and residential district of great desirability in it own right, continuing to perform well as demand for London property has boomed within the outer districts.