icons_size_white icons_size
menu

Agent's details

Investment/Development Opportunity in Deptford, SE8

For sale: £850,000.00|4,803 Sq Ft|Residential Land, Retail - High Street, Leisure Property, Land, Office, Mixed Use, Other, Residential, Retail, Licensed & Leisure, Commercial Land, Offices, Other Property Types & Opportunities

Property details

FOR SALE£850,000.00
SIZE4,803 Sq Ft
ADDRESS52 Deptford Broadway, London, SE8 4PH
TYPEResidential Land, Retail - High Street, Leisure Property, Land, Office, Mixed Use, Other, Residential, Retail, Licensed & Leisure, Commercial Land, Offices, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON17th November 2022

Description

Freehold building offered for sale on an unconditional basis with development potential.

> The site is located in Deptford, Lewisham, at the junction of Deptford Broadway and Tanner’s Hill
> The site comprises a three-storey commercial building extending to approx. 446.2 sqm / 4,803 sqft, which is currently occupied by First Step Daycare & Nursery
> The concrete frame building has brick external walls and a concrete tile gable roof
> Large garden to the rear of the building, currently used as a play area, with potential for development, subject to obtaining all necessary consents
> Current rent is £60,000 per annum for a term of 15 years from November 2010
> 2020 rent review outstanding
> The site offers substantial development and asset management potential, including conversion, new build and change of use for a variety of uses, including office, surgery, religious, dark kitchens and others, subject to obtaining all necessary consents
> The site is only 6-minutes from New Cross Rail Station by foot with a 5-minute journey into London Bridge Station

Further information is available at https://lnkd.in/e33ftrUi - data room access code: DEPTFORD2022 (case sensitive)

Offers are invited for the freehold interest in excess of £850,000, subject to contract.

A purchase at this level would reflect a low capital value of £177 per sq. ft. and a NIY of 6.6% after allowing for purchasing costs of 6.5%.

Location

marker
Location: 52 Deptford Broadway, London, SE8 4PH

New Cross (0.4 miles)

New Cross Gate (0.6 miles)

Surrey Quays (1.6 miles)

Deptford Bridge (0.1 miles)

Deptford (0.3 miles)

New Cross (0.4 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here