3 bed block of flats for sale

388C Old Kent Road, London, Southwark SE1

For sale by auction 29th October 2026 at 12:00 £875,000 plus

freehold mixed-use property comprising three flats and retail unit producing £57,450 P.A. With one vacant flat

Location & Description
A substantial four story freehold property comprising a ground floor retail unit and 3x 1 bedroom flats situated on the ground, first and second floors.

The property is prominently situated on Old Kent Road, approximately two miles south-east of Central London. The surrounding area provides a wide range of shops, supermarkets, cafs and local amenities, with Burgess Park nearby.

Excellent bus services operate along Old Kent Road, providing connections towards Elephant & Castle, London Bridge, Peckham and Central London, while Bermondsey Underground and South Bermondsey railway stations are both approximately 0.9 miles away.

Accommodation
Ground Floor: Retail unit with basement
First Floor: One bedroom flat
Second Floor: One bedroom flat
Third Floor: One bedroom flat

Total gia: 2,499 sq ft (232.1 sq m)

Tenure
Freehold

Tenancy Details
Retail Unit: Let on a 16 year lease dated 25.03.2024 at £24,750 p.a. With a rent review every 4 years.

Flat A: Let on an AST (now a Periodic Tenancy under the Renters' Rights Act 2025 at £1,500pcm (£18,000 p.a.)

Flat B: Let on an AST (now a Periodic Tenancy under the Renters' Rights Act 2025 at £1,225pcm (£14,700 p.a.)

Flat C: Currently vacant

Note
Auction Surveyor: Stuart Mackay
Contact: /

producing £57,450 P.A. With one vacant flat