Mixed use for sale

241 Lower Road, Southwark, London, SE16

020 8115 1506

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Mixed use

0 bed

0 bath

1,237 sq ft / 115 sq m

Property description & features

Tenure: Freehold

Freehold mixed-use property with planning to extend in the London borough of Southwark. The property comprises a ground-floor retail unit, one bedroom apartment on the first floor and three HMO rooms - all ensuite with shared kitchen/lounge on the upper floors. The building is fully tenanted and collectively generates an income of £60,760 per annum.

Sizes:
Shop: 25 sqm/269 sqft.
Flat: 22 sqm/236 sqft
HMO: 58 sqm/624 sqft
Total: 105 sqm/1,130 sqft.

Planning permission was granted for the construction of a two-floor rear extension to create a large one-bedroom 45 sqm/484 sqft flat and increase the existing one-bedroom flat from 22 to 32 sqm/344 sqft (ref: 21/ AP/2397). The rear has planning implemented with conditions discharged.

Both commercial and residential parts are underlet and has the potential to generate an income of £90,000 per annum when developed and asset-managed.

Ideally suited to investors and developers.

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Whozoo - London

Unit 2, 2 Delacourt Road Blackheath, London SE3 8XA

020 8115 1506

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Whozoo is the UK’s first commercial agency focused entirely on the SME commercial and development sector. Whozoo exists to empower agents to have successful careers on their terms. Operating in the mass market, we treat every property owner with the same respect and professionalism whether their property is worth £100,000 or £10,000,000. We’re here to bring a tired sector to life.

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