Initial price	£1,300,000
27/11/24	£1,150,000
Price Change	-11.54%

This mixed-use investment and development opportunity is a two-storey corner building in Worcester Park, with a retail unit and yard at ground floor and two self-contained flats on the first floor. Planning permission has been granted for a new build scheme on the yard, and there is potential to extend the existing building. The property benefits from a prime location on Central Road, with nearby occupiers including Sainsburys, Papa John's, and Pizza Express. The ground floor retail unit is let on a short-term lease with a passing rent of £24,000 per annum, while the two first-floor flats are let on ASTs with passing rents of £10,200 and £11,400 per annum. The property is being sold by auction on December 11th, unless sold prior, with a guide price of £1,150,000.