Commercial property for sale in Mixed-Use, Freehold For Sale SE1, 78-79 Grange Road SE1, London

Just added
£1,525,000 (£491.94/sq. ft)
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Commercial property for sale

3,100 sq. ft*

Property description

Key Points

  • 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 (£25psf) 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

    • Description

    Opportunity to purchase prominent SE1 freehold building, offering rental growth potential and the ability to enhance value through planning and refurbishment.

    Location

    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 info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Henshall & Partners, SE1 on +44 20 7768 1666 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Henshall & Partners, and do not constitute property particulars. Please contact Henshall & Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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