£2,000,000
Property for sale114 Rye Lane, Peckham, London SE15
About this property
Fully let mixed-use investment for sale in prime Peckham
Comprising a ground floor commercial unit & an 8-bed HMO in the uppers
Land at the rear with development potential (STPP) available to purchase (subject to terms)
Commercial unit producing £51,000pa on a 20 year lease
HMO fully let and producing £115,200pa
Oeio £2,000,000 F/H (8.31%return)
0.1 miles from Rye Lane Station
Prominent position on Rye Lane
The property comprises a ground floor retail unit measuring 1000sqft let on a 20-year term to an independent retailer at £51,000pa and a fully let 1,529sqft 8-bedroom HMO across the upper three floors producing £115,200pa. Each of the HMO rooms are let on AST agreements.
The retail unit is accessed from Rye Lane and benefits from a strong frontage and open plan layout internally. There are accessible toilet facilities towards the back of the of the unit as well as rear access. There is also a large public carpark to the rear of the property.
The residential accommodation is accessed via a doorway to the side of the property off the main road which leads into a lobby area with stairs to the upper floors. The HMO has been recently refurbished to a high specification with each of the double rooms benefitting from a modern décor, high ceilings and en-suite facilities. The communal kitchen is spacious and benefits from AEG appliances, quartz worksurfaces and an outdoor terrace.
There are electricity sub-meters installed for each of the bedrooms and heating throughout the HMO is by way of electrical wall mounted heaters.
There is a parcel of land to the rear with development potential (STPP) which could be included as part of the sale subject to terms and price
The retail unit is accessed from Rye Lane and benefits from a strong frontage and open plan layout internally. There are accessible toilet facilities towards the back of the of the unit as well as rear access. There is also a large public carpark to the rear of the property.
The residential accommodation is accessed via a doorway to the side of the property off the main road which leads into a lobby area with stairs to the upper floors. The HMO has been recently refurbished to a high specification with each of the double rooms benefitting from a modern décor, high ceilings and en-suite facilities. The communal kitchen is spacious and benefits from AEG appliances, quartz worksurfaces and an outdoor terrace.
There are electricity sub-meters installed for each of the bedrooms and heating throughout the HMO is by way of electrical wall mounted heaters.
There is a parcel of land to the rear with development potential (STPP) which could be included as part of the sale subject to terms and price
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