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118 Franciscan Rd

644 SF 100% Leased Retail Building London SW17 8HR $814,843 ($1,265/SF)

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Investment Highlights

Prominent corner position
Walking distance to Tooting Bec Underground Station

Potential to convert to HMO or large family dwelling

Executive Summary

The subject property is located in the London Borough of Wandsworth and comprises an excellent mixed-use property arranged over two floors; the commercial parts measure 644 sq ft / 59.8 sq m and are let to a local estate agent. The part ground and first floor are arranged as a generous two-bedroom duplex measuring 746 sq ft / 69.3 sq m. In addition, there is a storage room accessible only from the garden space.
The property is suitable for local developers looking for their next add-value opportunity on a subject-to-planning basis. There is potential to enhance the value of the property by virtue of change of use from E-Class to C3 residential of the commercial parts, roofline extensions and development of the generous side plot.
The subject property is located on the corner of Franciscan Road and Lessingham Avenue and is only 0.7 miles from Tooting Bec station and the amenities this commercial centre has to offer. The property has excellent access to the Northern Line and the City of London is reachable in approx. 20 minutes.

Brochure