Sternhold Avenue, London, SW2

££800,000 Offers in excess

Residential Development For Sale

• Unconditional offers in excess of £800,000 for the Freehold Interest
• Planning granted for 8 apartments and 2 retail units
• 1 minute walk to Streatham Hill Station
• GDV – c. £4,900,000
• Opportunity to design new scheme

Description
 

The land adjacent to 29 Sternhold Avenue is an opportunity for developers to alter the currently proposed scheme or design a scheme within the heart of Streatham.

The site has planning consent for 8 units with 2 commercial units on the ground floor. However, due to regulation changes and other issues, this consent is no longer implementable in the current state. There is the option to do several minor amendments on the current scheme, or to re-design the scheme completely (STPP), however all offers must be unconditional.

This site is in a prime position within Streatham and is extremely close to Streatham Hill Station and all the other amenities Streatham has to offer.

Existing 

The site is currently vacant and we understand has never previously been developed.

Planning

Lambeth planning reference – 18/04036/FUL - Minor Material Amendment required before planning can be implemented.

A BAPA with Network Rail will also need to be agreed given the proximity of the site to the Network Rail boundary. The BAPA agreement can be completed in conjunction with the planning application.

Price 

Unconditional offers in excess of £800,000 for the freehold interest. Conditional offers will not be considered.

Method of Sale 

The Property is being offered for sale via Informal Tender.

All offers should be submitted in writing along with proof of funds and details of any previous schemes.

VAT 

We understand that VAT is applicable on this property.

Information Pack 

Please contact either Jack@pedderproperty.com or Harry@pedderproperty.com for a link to all the documents, our GDV and comparable evidence.  

Tenure: Freehold

Sternhold Avenue, London, SW2
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Brochure

No floorplans available for this property

No EPC available for this property

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Office Details

Commercial
93 Queen's Road
London
SE15 2EZ

0208 702 9999
info@pedderdevelopment.com

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