Commercial property for sale in Peckham High Street, London SE15

•Unconditional offers invited in the region of £800,000
•Vacant retail unit with a single residential flat above
•Highly sought after SE15 location.
•Planning granted to improve/extend existing units, adding an additional 2 dwellings

Description

The opportunity lies within a high footfall area of Peckham, South East London, nearby the equally popular Camberwell, Dulwich and the open space of Burgess Park. The site is located on the Southern Side of Peckham High Street and currently takes the form of retail unit (2,000 sq ft) and 2-bedroom flat (721 sq ft) which are both vacant. The property is ground and first floor only, with planning to add an additional floor to the property. The property would need refurbishment before occupation. Planning has been granted for the addition of two residential units, a 3 bed and 2 bed flat, to add to the existing 2 bed flat and retail premise. We encourage all parties to conduct their own due diligence with regards to planning and measurement of the site.

Planning

Planning has been granted for a rear extension of an existing mixed-use terrace building to create an additional two residential units, to create 2 x 2 beds, 1 x 3 bed and a retail premises. For further details, please see Southwark Planning Portal –reference 20/ap/2850. Existing and Proposed floorplans can be seen on the next page.

The Property

Both the retail premises and flat are vacant and are in a state of disrepair. The property is in need of refurbishment before occupation takes place. Access to the flat is via a shared rear entrance and along the roof of the commercial unit. The consented development scheme presents a great opportunity for an incoming buyer to purchase their own centrally located Peckham property.

Price

Offers in the region of £800,000 for the freehold interest

VAT

We understand that VAT is not applicable.