Property photos
Freehold
£1,900,000
Retail premises for sale
Vicarage Park, London SE188 baths
8 receptions
Local area information
Property location
Nearby amenities
- South Rise Primary School 0.2 miles
- Foxfield Primary School 0.2 miles
- Plumstead 0.4 miles
- Woolwich Arsenal 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Woolwich, Shooter's Hill and North Woolwich to find out more about the local area.
Features and description
- Freehold
- Portfolio purchase of eight flats
- Freehold building & Land
- Development opportunity (STPP)
- Currently held in company
- Potential to increase rental yield
- Walking distance to Woolwich Elizabeth Line Station
The property previously was achieving a strong rental figure and a yield of 5.75%. With updated tenancies, this yield should be able to be increased to 7-10%. The eight flats have been held as an investment portfolio by the current owner who is looking to now sell all the units. Two of the units are currently empty whilst refurbishment work is carried out between tenancies and the third empty unit is about to have a new tenancy start.
The property also offers a potential development site to the rear. As this land could be developed subject to the usual planning approvals. The building is listed and has been split into nine flats with one being sold off on a long lease. With a gia of 5122 sq.ft
Woolwich is a thriving part of Southeast London currently undergoing massive redevelopment and regeneration thanks to the arrival of the Elizabeth Line giving direct access to Tottenham Court Road and Paddington in around 20 minutes. There is access from Woolwich Arsenal Station providing Docklands Light Railway (DLR) and Overground options with access to London Bridge. The River Thames is with within walking distance and the open green spaces of Greenwich Park
The property also offers a potential development site to the rear. As this land could be developed subject to the usual planning approvals. The building is listed and has been split into nine flats with one being sold off on a long lease. With a gia of 5122 sq.ft
Woolwich is a thriving part of Southeast London currently undergoing massive redevelopment and regeneration thanks to the arrival of the Elizabeth Line giving direct access to Tottenham Court Road and Paddington in around 20 minutes. There is access from Woolwich Arsenal Station providing Docklands Light Railway (DLR) and Overground options with access to London Bridge. The River Thames is with within walking distance and the open green spaces of Greenwich Park
Floor plans and tours
Floor plans (1)
More information
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