Offers in region of
£1,850,000
Property for sale72-76 Elmers End Road, Penge, London SE20
About this property
Unbroken Freehold, mixed-use investment for sale
4 flats in upper parts (fully let and managed)
Commercial unit at 74-76 Elmers End Road let until 2032
Re-development potential (stpp) at 72 Elmers End Road
Current rent roll £105,400 per annum with an erv of £167,600 per annum
Oiro £1,850,000 F/H
An attractive opportunity to acquire a mixed-use investment with active asset management and development potential.
The investment comprises three neighbouring mid-parade mixed-use properties. The buildings were originally constructed in the mid-1900s, with a later rear extension known as Edward House.
The property is currently arranged to provide a ground floor commercial unit at 74-76 Elmers End Road, let to a hardware retailer; a split-level commercial unit at 72 Elmers End Road, let to a gym operator who is due to vacate in December 2026; and four fully let one-bedroom flats on the upper floors, accessed from the rear of the property.
The upcoming vacancy of 72 Elmers End Road in December 2026 presents an opportunity to significantly enhance rental income (the unit is currently heavily underlet) and/or explore the conversion of the upper parts to residential use, subject to planning permission (STPP).
The investment comprises three neighbouring mid-parade mixed-use properties. The buildings were originally constructed in the mid-1900s, with a later rear extension known as Edward House.
The property is currently arranged to provide a ground floor commercial unit at 74-76 Elmers End Road, let to a hardware retailer; a split-level commercial unit at 72 Elmers End Road, let to a gym operator who is due to vacate in December 2026; and four fully let one-bedroom flats on the upper floors, accessed from the rear of the property.
The upcoming vacancy of 72 Elmers End Road in December 2026 presents an opportunity to significantly enhance rental income (the unit is currently heavily underlet) and/or explore the conversion of the upper parts to residential use, subject to planning permission (STPP).
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£9,254 per month
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