Property Information
Address:
252, Walworth Road, London
, SE17 1JE
Price: Property no longer available.
Size: 2375 sq ft221 sqm
Primary Category: Investment
All Categories:
Investment, Leisure, Shop,
Property Ref/Movehut: MH664658
Property Ref/Agent: 5450
*Please use the agent ref when calling the agent directly.
Property description
A period freehold building with commercial office/retail space including two residential apartments above, a 1-bedroom and 3-bedroom apartment with a private roof terrace space.
The ground floor and basement level feature space for commercial retail use (currently used as a shop, office and storeroom for Snappy Snaps; the property lends itself well for various uses). The residential space consists of a one bedroom apartment on the first floor with open-plan lounge/kitchen bathroom and bedroom and over the second and third floor the second apartment comprises open-plan lounge/kitchen, WC, bathroom and three bedrooms, one with direct access to outside space.
The property is situated in the middle of a retail parade on Walworth Road and benefits from high footfall and good passing trade alongside independent delicatessens, cafes and shops offering an array of services. To the north of the unit is another bustling retail district - Elephant and Castle, which has a regeneration scheme 'Elephant Park' which is currently under construction - providing an additional 3,000 homes and 50 shops, restaurants, and cafes, which will be added to the area. The local parade of shops surrounding this unit includes both independent and national retailers such as Marks and Spencer, Sports Direct and various local offerings running perpendicular to East Street Market. Burgess Park is located just 0.4 miles walk away and offers green space with a lake, sports facilities and the Coburg Road Nature Area. The nearest stations include 0.4 miles to Elephant & Castle Station (Southeastern Railway) and 0.5 miles to Kennington tube station.
Flat 1 Rent £1,100/month - May 20th, 2021 - May 19th 2022
Flat 2 Rent £2,340/month - July 19th, 2021 - July 18th 2022
Snappy Snaps £2,083/month - 10yr lease from March 25th, 2025 - March 24th, 2025
Total Income: £66,275 PA
Two Residential Apartments
Current income at £66,275
Busy thoroughfare
Seeking offer from £1.25m
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