Initial price	£650,000
18/03/25	£575,000
Price Change	-11.54%

This is a freehold investment/development opportunity for sale, situated on a prominent corner plot on Northborough Road, Norbury. The property comprises a mixed-use unit, featuring an E-class commercial unit on the ground floor, a 2-3 bedroom residential flat above, and a rear yard/garden area. The ground floor shop is let on a 16-year FRI lease, with a passing rent of £11,500 per annum, while the first-floor flat is let on a 12-month AST at a passing rent of £19,260 per annum. The front forecourt is also let, with an advertising hoarding and a passing rent of £250 per annum. The property has potential for extension, conversion, or demolition and new build, subject to the relevant consents. The guide price is £575,000, and the property is being sold freehold, with the vendor not considering any offers.