Property photos
Freehold
£1,525,000
(£491.94/sq. ft)
Property for sale
Mixed-Use, Freehold For Sale SE1, 78-79 Grange Road SE1, London3,100 sq. ft
Local area information
Property location
Nearby amenities
- Boutcher Church of England Primary School 0 miles
- Harris Academy Bermondsey 0.3 miles
- Bermondsey 0.6 miles
- St Katharine's Pier 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Tower Bridge, Bermondsey and Tower Hamlets to find out more about the local area.
Features and description
- Freehold
Key Points
Freehold mixed-use building comprising a ground floor commercial unit (Class-e) and 3 x apartments in the upper parts (2 x 2 beds & 1 x 1 bed) Ground floor is let to Medivet Group (vets), paying £27,630pax (£19psf) on a 15-year term (2039 expiry) Upper parts arranged as a split level 1-bed (vacant - £21,000pax erv) and 2 x 2 beds (both let), producing £50,700pax Erv estimated at £99,330pax, with potential to extend to rear, refurbish & re-let or break up to enhance value/improve yield We are guiding at £1,525,000 for the freehold interest, equating to 6.5% gross yield on the erv
Description
Opportunity to purchase prominent SE1 freehold, incoming-producing building. Offering rental growth potential and the ability to enhance value through planning and refurbishment.
Location
Grange Road (A2206) is a historic road in Bermondsey, within the London Borough of Southwark.
The subject property is within walking distance (0.8 miles) to London Bridge station (National Rail, Jubilee, Northern & ThamesLink).
Hugely popular location to live and work with some of the best amenities London has to offer.
Description
Opportunity to purchase prominent SE1 freehold, incoming-producing building. Offering rental growth potential and the ability to enhance value through planning and refurbishment.
Location
Grange Road (A2206) is a historic road in Bermondsey, within the London Borough of Southwark.
The subject property is within walking distance (0.8 miles) to London Bridge station (National Rail, Jubilee, Northern & ThamesLink).
Hugely popular location to live and work with some of the best amenities London has to offer.
More information
Listed by
Henshall & Partners
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