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Burlington Road, New Malden KT3

For sale
  • A parade of 4 commercial buildings and associated land which would be suitable for a sizeable redevelopment subject to the usual consents.
  • The site is within close proximity to New Malden, Raynes Park and Motspur Park Stations (South Western Rail) which offers services into Central London within 30 minutes.
  • Located in the London Borough of Merton.
  • The subject site measures 0.19 ha / 0.46 acres.
  • Our client's architect has designed two schemes which would involve the demolition of the existing buildings and development of a new build scheme which would comprise either 67 or 78 apartments across 6-8 storeys and some commercial floorspace at ground floor level (further information available upon request).
  • Our understanding is that the use class of the existing buildings is Class E, B8, B2, F1.
  • According to the VOA, there is currently 1,496 sq m /16,111 sq ft of existing accommodation at the subject addresses.
  • 249 & 253 Burlington Road are income producing and achieving a combined rent roll of £75,800 per annum, further information available upon request.
  • The site is being sold subject to the benefit of the commercial leases however offers subject to vacant possession may be considered.
  • Proposal - Offers in excess of £5,500,000 on an unconditional basis only subject to contract.
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