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Agent's details

Income-producing site with potential for redevelopment in Forest Hill.

For sale: £1,500,000.00|Mixed use, House, Other, Other Property Types & Opportunities, Residential

Property details

FOR SALE£1,500,000.00
ADDRESS118 Malham Road, London, SE23 1AN
TYPEMixed use, House, Other, Other Property Types & Opportunities, Residential
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON23rd April 2025

Description

The site extends to approximately 0.18 acres and comprises a single-storey church and a two-storey, three-bedroom adjoining dwelling.

The total NIA is approximately 337 sqm (3,627 sqft).

The total GIA is approximately 406 sqm (4,370 sqft).

The church is let on a 10-year lease expiring on 23rd November 2033 at £80,000 per annum.

The dwelling is let on a 2-year lease expiring on 2nd March 2026 and then monthly periodically at £34,800 per annum (£2,900 per month).

There may be the possibility of converting the existing dwelling into an HMO, subject to obtaining all necessary consents.

There is potential to re-develop the site into 21 apartments with Class E / F1 accommodation on the ground-floor, subject to obtaining all necessary consents.

Location

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Location: 118 Malham Road, London, SE23 1AN

New Cross Gate (2.2 miles)

New Cross (2.3 miles)

Brixton (3.4 miles)

Honor Oak Park (0.4 miles)

Forest Hill (0.5 miles)

Catford (0.7 miles)

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