Offers in Excess of | Mid terraced mixed-use building arranged over the ground, first and second floors. The ground floor currently comprises a self contained office, let to an Mechanical & Electrical company. The first floor comprises 1 x 2 and 1 x 1 bedroom flats. The second floor comprises a further 1 x 2 and 1 x 1 bedroom flats. There is potential to convert the ground floor into residential and possibly go up another level to create a third floor.
Freehold, with the benefit of a 3 year lease (Outside of L & T Act) from January 2020, with 3 monthly rolling breaks on the ground floor office and the 4 flats above are all rented out on AST’s. Current combined income of £66,000 per annum.
Situated on the High Street (A234), between Lawrie Park Road and Crampton Road in Penge. Various amenities can be found close by, such as convenience stores, DIY store, pubs, cafe’s, take-aways, crystal palace park, schools and an arts theatre, together with a good vibrant mix of independent and local traders further along the High Street.
Penge West and Penge East mainline railway and Overground stations are both within walking distance, providing services to London Bridge, London Victoria, West Croydon, Highbury & Islington, Bromley South, Coulsdon Town and Orpington. There are also buses serving the area, located on the High Street.
Further information, such as floor plans, commercial lease and Assured Shorthold Tenancies can be provided on application.