No longer on the market
This property is no longer on the market
MapMixed use
Features and description
- By order of the Joint Fixed Charge Receivers
- Freehold mixed use investment
- Two ground floor retail units with lease expiries in 2030 & 2038
- Self-contained first and second floor residential accommodation
- Asset management and extension/refurbishment opportunity, subject to consents
- Currently producing £109,820 per annum
- Online Auction on Thursday, 15 December 2022
The property comprises a prominent three storey mixed use building forming part of a busy retail parade and arranged as two adjoining retail units with separate self-contained first and second floor residential accommodation accessed from a street entrance at the front of the property.
There may be potential to reconfigure the first and second floors and extend into the roof space, subject to posession and obtaning the necessary consents.
Location:
The property is located within the London Borough of Southwark, approximately one mile to the east of Elephant & Castle, 1.5 miles south-east of Borough and its' famous market and one mile west of Bermondsey. The Old Kent Road (A2) is a busy thoroughfare passing through south-east London connecting it to the A202, A20 and South Circular Road (A205).
The property is situated on the north side of Old Kent Road (A2), almost opposite the junction of Madron Street, forming part of a busy parade of shops within a mixed use area. Nearby occupiers include Tesco, BetFred and a wide range of independent local businesses.
Elephant & Castle Overground and Underground Tube Stations (Northern and Bakerloo lines) are both located just over one mile to the north-west of the property.
Online Auction on Thursday, 15 December 2022. For further information, such as legal documents and property information, please visit bidx1.com.
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