£1,200,000
(£480.33/sq. ft)
Property for saleOld Kent Road, London SE1
1 bath
2,498 sq. ft
About this property
Investment Opportunity
Unbroken Freehold
Retail unit
3 x 1 Bedroom flats
An excellent opportunity to acquire an unbroken freehold mixeduse investment property in a prominent position on Old Kent Road, a well-connected and rapidly evolving area of South East London. The property benefits from strong transport links into Central London and is surrounded by ongoing regeneration, making it an attractive long-term investment.
The building comprises a ground floor commercial unit and three self-contained one-bedroom flats above. The shop is currently let and produces an income of £24,500 per annum. Of the three residential units, two are currently tenanted and generate a combined income of £32,700 per annum, with the remaining one-bedroom flat expected to achieve approximately £18,000 per annum. This brings the total potential rental income to £75,200 per annum.
The total gross internal area is approximately 2,500 sq ft, arranged as follows:
Ground floor shop: Approx. 970 sq ft
Flat 1: Approx. 554 sq ft
Flat 2: Approx. 523 sq ft
Flat 3: Approx. 453 sq ft
All sizes are approximate.
This is a strong income-producing asset with further potential to enhance returns, ideally suited to investors seeking a well-located mixed-use property in London.
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