Retail premises for sale

Grove Vale, London SE22

We are pleased to bring to market this excellent investment opportunity. The property is a mixed-use 3 story building on an established parade in East Dulwich.

The ground floor is a vacant commercial unit (119 sqm) in need of refurbishment, and there is a 3 unit HMO on the first and second floors. Rental income from the HMO is £43,000 p.a.

The ground floor has planning consent to create a 2-bedroom, 66 sqm flat, and a 21 sqm commercial unit at the front. This has a gdv of upwards of £800k. This scheme has a £17,000 cil liability and £29,000 ah liability.

There are two options for sale:
* The ground floor alone on a 999 year lease for £450,000

* The entire freehold building for £1,000,000

Summary:
* Vacant ground floor commercial unit
* Newly refurbished and tenanted HMO on uppers
* Current rental income of £43,000
* No VAT
* Freehold or long leasehold

Location:
East Dulwich is a very desirable area in East London. It is known for its cafes, restaurants and sushi pubs.

The property is situated on an established parade, 1 minutes' walk from East Dulwich station, and near the green spaces on E Dulwich rd.

Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.