3 bed maisonette for sale

The Cut, London SE1

A rare opportunity to acquire a mixed use freehold with a 1st and 2nd floor 3 double bedroom maisonette and private south facing roof terrace, with a seperate front door at street level, and a retail unit on the ground floor recently occupied by a new tenant.
The 3 bedroom maisontte is currently let on an annual AST agreement yielding an annual rent of £40,040. In the event of a sale the tenants can be given 2 months notice to hand over vacant possesion as agreed in the current AST agreement.
The ground floor retail unit has recently been tenanted by "Buns from Home" bakery, on a 15 year lease with 5 year rent reveiws, and currently paying £45,000 per annum.
The total annual income is £86,040 per annum.
The neighbouring building (No 35 The Cut), has recently been granted planning permission to build up 1 floor and extend to the rear. Plannig permission in November 2024 and can be viewed on Southwark planning portal ref: 23/ap/1883
The Cut is a semi-pedestrianised street, well known for its array of shops, cafes, bars and restaurants, also a destination for theatre goers to the Old Vic and Young Vic theat
Southwark station is a 2 minute walk and Waterloo 3 minutes, allowing easy access to Canary Wharf, the City and West End.
Viewing by appointment. Sole Agents.