Guide price
£1,000,000
(£340.37/sq. ft)
Property for sale31-33 Woolwich Road, Greenwich, London SE10
2,938 sq. ft
About this property
Mixed-use freehold investment for sale in Greenwich
Comprising commercial and four flats (1 flat sold off on long leasehold basis)
Lapsed consent for additional unit via airspace extension
Total erv of £93,650
C.9.4% gross return at guide price
C. £337/sqft at guide price
An opportunity to acquire a high-yielding, mixed-use freehold investment situated in a prominent location in Greenwich.
The property comprises a double-fronted restaurant at ground floor level and four one-bedroom flats arranged over the first and second floors. One of the flats has been sold on a long leasehold basis, with the remaining three retained within the seller's ownership.
The restaurant is let on a 20-year lease from 2019 at a current passing rent of £43,000 per Annum. Two of the three flats are currently vacant following recent refurbishment works, with the remaining flat due be vacant in May 2026. Incoming buyers will therefore be able to let the residential units at market rents at the inception of the incoming renters rights bill.
Once fully let, the three retained flats are expected to produce at least £4,200 per calendar month (£50,400 per annum). This would provide a total income across the building of £93,650 per annum, including the £250 annual ground rent payable by the flat that has been sold off on a long leasehold basis.
The property comprises a double-fronted restaurant at ground floor level and four one-bedroom flats arranged over the first and second floors. One of the flats has been sold on a long leasehold basis, with the remaining three retained within the seller's ownership.
The restaurant is let on a 20-year lease from 2019 at a current passing rent of £43,000 per Annum. Two of the three flats are currently vacant following recent refurbishment works, with the remaining flat due be vacant in May 2026. Incoming buyers will therefore be able to let the residential units at market rents at the inception of the incoming renters rights bill.
Once fully let, the three retained flats are expected to produce at least £4,200 per calendar month (£50,400 per annum). This would provide a total income across the building of £93,650 per annum, including the £250 annual ground rent payable by the flat that has been sold off on a long leasehold basis.
Mortgage calculator
Monthly repayment
£5,002 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}