Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a freehold mixed-use building with both asset management and development potential (subject to obtaining the requisite consents).
Arranged across ground, first and second floors, the property currently comprises a ground floor retail unit with a large rear warehouse accessed separately. The upper parts comprise a self contained two bedroom maisonette.
The retail unit is currently let on a periodic tenancy at will, terminable at one months notice, producing £10,000 per annum. The rear warehouse and upper parts are sold with vacant possession.
The property presents an evident asset management opportunity via formalising the tenancy for the retail unit, as well as the letting of the rear warehouse and upper parts.
The property also offers development/conversion potential via rear extension to increase residential space to the rear and upper parts, providing multiple residential units (subject to obtaining the requisite consents)
The property occupies a prominent pitch with a frontage to Penge High Street. The surrounding area is characterised by similar mixed-use properties with a number of local and national tenants including Barnardos, William Hill, and Tesco.
Tenure
Freehold