Guide price
£900,000
(£581.85/sq. ft)
Property for saleOld Woolwich Road, London SE10
1,547 sq. ft
EPC Rating: C
About this property
Freehold mixed-use investment for sale
Comprising one commercial unit & two residential flats
Commercial unit producing £23,000 pa Two flats producing a combined £42,300 pa
Commercial unit let to Vorwerk UK Ltd, a leading premium household appliances company
Vorwerk's international parent group has c.£3 billion annual turnover
Guide Price: £900,000
The four-storey building comprises a lower ground and ground floor commercial unit, accessed directly from Trafalgar Road, together with two one-bedroom flats at first and second floor levels, independently accessed from Old Woolwich Road.
The commercial unit is let to Vorwerk UK Limited at a current passing rent of £23,000 per annum until 31 March 2028. A tenant-only break option recently passed without being exercised. Vorwerk occupies the premises as a showroom and in-person workshop for its Thermomix brand. The company currently operates 24 physical locations across the UK, while its German parent group has an annual turnover of approximately £3 billion.
The two one-bedroom flats have been recently refurbished to a high standard and are let to fully vetted working professionals, producing a combined £42,300 per annum (£1,750 pcm for Flat 1 and £1,775 pcm for Flat 2).
The property currently generates £65,300 per annum, increasing to £66,300 per annum from 31 March following a fixed £1,000 per annum. Commercial rent increase.
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