Property Investment Ref: PI01234

                                                                                                                                       There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

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	6 – 9 Cedars Mews, Clapham, London SW4  Freehold Residential Conversion Opportunity Description   6-9 Cedars Mews is a terrace of four derelict mews buildings originally constructed in c.1860 as stables and groom’s accommodation for 48-51 Clapham Common Northside. They form part of a terrace which includes number 10 and two new build mews houses that match the existing buildings.  Location  The property is located in Clapham, 0.1 km (0.06 miles) north of Clapham Common, within the jurisdiction of the London Borough of Lambeth. The site benefits from the amenities of Lavender Hill to the north west and Clapham Old Town to the east. The area is an established residential location. The area is well served with public transport. Clapham Junction is 1.75 km (1.1 miles) to the north west and has regular services to London Waterloo and Victoria. Clapham Common Underground Station is 0.9 km (0.6 miles) to the east. The station is on the Northern Line with regular services towards Central London.       Planning   The planning permission (Ref:09/00466/FUL) dated 1st May 2009 allows for the conversion of the properties to provide eight 2 bedroom units including loft conversion, the erection of single storey ground floor extensions and alterations to windows, together with a change of use of land at 48-52 Clapham Common North Side to provide rear gardens.  The permission allows for provision of six off street car parking spaces. There is no affordable housing requirement associated with the scheme. The site sits within the Clapham Common Conservation area.      Unit Beds Type GIA Sq M GIA Sq Ft 1 2 Flat 95.2 1,015 2 2 Flat 85.0 915 3 2 House 106.0 1,141 4 2 House 106.0 1,141 5 2 House 106.0 1,141 6 2 House 106.0 1,141 7 2 House 106.0 1,141 8 2 House 106.0 1,141 Totals     816.2 8,786     Tenure  Freehold with vacant possession. Fee 2% VAT  The Vendors have confirmed that VAT will not be chargeable.