MapIndustrial development
Industrial development
3,100 sq ft / 288 sq m
Features and description
- Tenure: Freehold
- Freehold mixed-use building comprising a ground floor commercial unit (Class-E) and 3 x apartments in the upper parts (2 x 2 beds & 1 x 1 bed)
- Ground floor is let to Medivet Group (vets), paying £27,630pax (£19psf) on a 15-year term (2039 expiry)
- Upper parts arranged as a split level 1-bed (vacant - £21,000pax ERV) and 2 x 2 beds (both let), producing £50,700pax
- ERV estimated at £99,330pax, with potential to extend to rear, refurbish & re-let or break up to enhance value/improve yield
- We are guiding at £1,525,000 for the freehold interest, equating to 6.5% gross yield on the ERV
Opportunity to purchase prominent SE1 freehold, incoming-producing building. Offering rental growth potential and the ability to enhance value through planning and refurbishment.
Grange Road (A2206) is a historic road in Bermondsey, within the London Borough of Southwark.
The subject property is within walking distance (0.8 miles) to London Bridge station (National Rail, Jubilee, Northern & ThamesLink).
Hugely popular location to live and work with some of the best amenities London has to offer.
Grange Road (A2206) is a historic road in Bermondsey, within the London Borough of Southwark.
The subject property is within walking distance (0.8 miles) to London Bridge station (National Rail, Jubilee, Northern & ThamesLink).
Hugely popular location to live and work with some of the best amenities London has to offer.
Property information from this agent
About this agent
Henshall & Partners - London
Ground Floor, Great Suffolk Yard
127-131 Great Suffolk, London
SE1 1PP
020 8128 1056If you own a property and want to understand its true potential then get in touch with us and we will offer free, impartial advice in the strictest of confidence.