Property photos
Just added
£2,000,000
Property for sale
114 Rye Lane, Peckham, London SE15Local area information
Property location
Nearby amenities
- Peckham Rye 0.1 miles
- St Mary Magdalene Church of England Primary School 0.2 miles
- Bellenden Primary School 0.3 miles
- Queens Road (Peckham) 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Peckham, East Dulwich and Nunhead to find out more about the local area.
Features and description
- Fully let mixed-use investment for sale in prime Peckham
- Comprising a ground floor commercial unit & an 8-bed HMO in the uppers
- Land at the rear with development potential (STPP) available to purchase (subject to terms)
- Commercial unit producing £51,000pa on a 20 year lease
- HMO fully let and producing £115,200pa
- Oeio £2,000,000 F/H (8.31%return)
- 0.1 miles from Rye Lane Station
- Prominent position on Rye Lane
The property comprises a ground floor retail unit measuring 1000sqft let on a 20-year term to an independent retailer at £51,000pa and a fully let 1,529sqft 8-bedroom HMO across the upper three floors producing £115,200pa. Each of the HMO rooms are let on AST agreements.
The retail unit is accessed from Rye Lane and benefits from a strong frontage and open plan layout internally. There are accessible toilet facilities towards the back of the of the unit as well as rear access. There is also a large public carpark to the rear of the property.
The residential accommodation is accessed via a doorway to the side of the property off the main road which leads into a lobby area with stairs to the upper floors. The HMO has been recently refurbished to a high specification with each of the double rooms benefitting from a modern décor, high ceilings and en-suite facilities. The communal kitchen is spacious and benefits from AEG appliances, quartz worksurfaces and an outdoor terrace.
There are electricity sub-meters installed for each of the bedrooms and heating throughout the HMO is by way of electrical wall mounted heaters.
There is a parcel of land to the rear with development potential (STPP) which could be included as part of the sale subject to terms and price
The retail unit is accessed from Rye Lane and benefits from a strong frontage and open plan layout internally. There are accessible toilet facilities towards the back of the of the unit as well as rear access. There is also a large public carpark to the rear of the property.
The residential accommodation is accessed via a doorway to the side of the property off the main road which leads into a lobby area with stairs to the upper floors. The HMO has been recently refurbished to a high specification with each of the double rooms benefitting from a modern décor, high ceilings and en-suite facilities. The communal kitchen is spacious and benefits from AEG appliances, quartz worksurfaces and an outdoor terrace.
There are electricity sub-meters installed for each of the bedrooms and heating throughout the HMO is by way of electrical wall mounted heaters.
There is a parcel of land to the rear with development potential (STPP) which could be included as part of the sale subject to terms and price
More information
Listed by
Acorn - Bromley Commercial
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