A stepped three, four and six storey mixed use development on the site of a former builder’s yard in the London Borough of Merton. The development comprises 34 apartments of which 14 are allocated for social housing. The residential element of the development sits above approximately 4,000 sq ft of commercial space at ground floor. In addition, there are 11 parking spaces, cycle parking and refuse storage towards the rear of the site.
The site is situated mid-way between Colliers Wood and Tooting and is only 0.3 miles from Colliers Wood and 0.5 miles from Tooting Broadway underground stations, providing frequent Northern Line services into Central London. The area is also well served by local bus routes. There are various shopping outlets situated in the immediate vicinity including Sainsbury’s and Tesco Express as well as a mix of local and national retail operators providing an excellent choice of local amenities for the residents.
Acquired with private equity in October 2015; Planning conditions were all cleared early in 2016. Owing to the demand for new high quality affordable family properties in the area the opportunity to sell the consented site was presented and transaction completed in May 2016.