Commercial property for sale

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Interested in this property? Call +44 20 7768 1666 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

Freehold mixed-use building comprising a ground floor commercial unit (Class-e) and 3 x apartments in the upper parts (2 x 2 beds & 1 x 1 bed)

Ground floor is let to Medivet Group (vets), paying £27,630pax (£19psf) on a 15-year term (2039 expiry)

Upper parts arranged as a split level 1-bed (vacant - £21,000pax erv) and 2 x 2 beds (both let), producing £50,700pax

Erv estimated at £99,330pax, with potential to extend to rear, refurbish & re-let or break up to enhance value/improve yield

We are guiding at £1,525,000 for the freehold interest, equating to 6.5% gross yield on the erv

Description

Opportunity to purchase prominent SE1 freehold, incoming-producing building. Offering rental growth potential and the ability to enhance value through planning and refurbishment.

Location

Grange Road (A2206) is a historic road in Bermondsey, within the London Borough of Southwark.

The subject property is within walking distance (0.8 miles) to London Bridge station (National Rail, Jubilee, Northern & ThamesLink).

Hugely popular location to live and work with some of the best amenities London has to offer.

Property info

• 7879 Grange Road Bermondsey Se1 Hp Brochure.pdf

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Henshall & Partners, and do not constitute property particulars. Please contact Henshall & Partners for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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