3 bedroom end of terrace house for sale
Key information
Property description & features
- Tenure: Freehold
Council tax band: TBC
We are pleased to present a unique freehold opportunity with significant potential for development in the vibrant area of Bermondsey. This property, spread over the basement, ground, and first floors, offers a blend of commercial and residential spaces, with planning permission approved providing an exciting investment prospect.
Property Overview:
The ground floor and basement are currently occupied by Shahi Tandoori, a well-established and successful Indian restaurant with a strong local following. This commercial space benefits from a prominent corner position, enhancing visibility and foot traffic. Additionally, there is a garage located at the rear of the property, providing extra storage or parking potential.
The residential portion is situated on the first floor and requires full refurbishment, presenting an excellent opportunity for development. With the right vision, this space could be transformed to maximize the property's value, whether for continued rental income or resale.
Development Potential:
This property offers substantial development potential. Given its prime location, the mixed-use nature of the building, and the dilapidated state of the residential unit, there is the possibility to redevelop and optimize the available space. This could include converting the upper floor into modern residential apartments or enhancing the commercial offering on the ground floor.
Prime Location:
Strategically located on the corner of Grange Road and Bacon Grove, this property benefits from strong transport links and a bustling local community. It is just a 15-minute walk from Bermondsey Station, providing access to the Jubilee Line and easy connectivity to Central London. Grange Road also offers several bus routes connecting to key areas such as Canada Water and Shoreditch.
The property is surrounded by a mix of successful retailers, including popular establishments like Cafe Amisha and Cambele Pharmacy, contributing to a thriving local environment.
This is an exceptional opportunity to acquire a property with both immediate income potential and long-term development prospects in one of London's most sought-after areas.
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Property reference 689511. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Js Estate Management - London.
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Broadband availability and predicted speed: obtained from Ofcom on March 15, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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