£450,000
(£351.56/sq. ft)
Retail premises for saleGrove Vale, London SE22
1,280 sq. ft
About this property
We are pleased to bring to market this excellent investment opportunity. The property is a mixed-use 3 story building on an established parade in East Dulwich.
The ground floor is a vacant commercial unit (119 sqm) in need of refurbishment, and there is a 3 unit HMO on the first and second floors. Rental income from the HMO is £43,000 p.a.
The ground floor has planning consent to create a 2-bedroom, 66 sqm flat, and a 21 sqm commercial unit at the front. This has a gdv of upwards of £800k. This scheme has a £17,000 cil liability and £29,000 ah liability.
There are two options for sale:
* The ground floor alone on a 999 year lease for £450,000
* The entire freehold building for £1,000,000
Summary:
* Vacant ground floor commercial unit
* Newly refurbished and tenanted HMO on uppers
* Current rental income of £43,000
* No VAT
* Freehold or long leasehold
Location:
East Dulwich is a very desirable area in East London. It is known for its cafes, restaurants and sushi pubs.
The property is situated on an established parade, 1 minutes' walk from East Dulwich station, and near the green spaces on E Dulwich rd.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
The ground floor is a vacant commercial unit (119 sqm) in need of refurbishment, and there is a 3 unit HMO on the first and second floors. Rental income from the HMO is £43,000 p.a.
The ground floor has planning consent to create a 2-bedroom, 66 sqm flat, and a 21 sqm commercial unit at the front. This has a gdv of upwards of £800k. This scheme has a £17,000 cil liability and £29,000 ah liability.
There are two options for sale:
* The ground floor alone on a 999 year lease for £450,000
* The entire freehold building for £1,000,000
Summary:
* Vacant ground floor commercial unit
* Newly refurbished and tenanted HMO on uppers
* Current rental income of £43,000
* No VAT
* Freehold or long leasehold
Location:
East Dulwich is a very desirable area in East London. It is known for its cafes, restaurants and sushi pubs.
The property is situated on an established parade, 1 minutes' walk from East Dulwich station, and near the green spaces on E Dulwich rd.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
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