£1,000,000
Property for sale
Property photos
Guide price
£1,000,000
(£340.37/sq. ft)
Property for sale
31-33 Woolwich Road, Greenwich, London SE102,938 sq. ft
Local area information
Property location
Nearby amenities
- Christ Church Church of England Primary School 0.1 miles
- St Joseph's Catholic Primary School 0.1 miles
- Maze Hill 0.3 miles
- Westcombe Park 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Maze Hill, Westcombe Park and Greenwich (Royal Borough) to find out more about the local area.
Features and description
- Mixed-use freehold investment for sale in Greenwich
- Comprising commercial and four flats (1 flat sold off on long leasehold basis)
- Lapsed consent for additional unit via airspace extension
- Total erv of £93,650
- C.9.4% gross return at guide price
- C. £337/sqft at guide price
An opportunity to acquire a high-yielding, mixed-use freehold investment situated in a prominent location in Greenwich.
The property comprises a double-fronted restaurant at ground floor level and four one-bedroom flats arranged over the first and second floors. One of the flats has been sold on a long leasehold basis, with the remaining three retained within the seller's ownership.
The restaurant is let on a 20-year lease from 2019 at a current passing rent of £43,000 per Annum. Two of the three flats are currently vacant following recent refurbishment works, with the remaining flat due be vacant in May 2026. Incoming buyers will therefore be able to let the residential units at market rents at the inception of the incoming renters rights bill.
Once fully let, the three retained flats are expected to produce at least £4,200 per calendar month (£50,400 per annum). This would provide a total income across the building of £93,650 per annum, including the £250 annual ground rent payable by the flat that has been sold off on a long leasehold basis.
The property comprises a double-fronted restaurant at ground floor level and four one-bedroom flats arranged over the first and second floors. One of the flats has been sold on a long leasehold basis, with the remaining three retained within the seller's ownership.
The restaurant is let on a 20-year lease from 2019 at a current passing rent of £43,000 per Annum. Two of the three flats are currently vacant following recent refurbishment works, with the remaining flat due be vacant in May 2026. Incoming buyers will therefore be able to let the residential units at market rents at the inception of the incoming renters rights bill.
Once fully let, the three retained flats are expected to produce at least £4,200 per calendar month (£50,400 per annum). This would provide a total income across the building of £93,650 per annum, including the £250 annual ground rent payable by the flat that has been sold off on a long leasehold basis.
More information
Listed by
Acorn - Bromley Commercial
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