Mixed-use high street investment opportunity in South London.
Prominently situated on Walworth Road, with close proximity to both Elephant & Castle station (0.5 miles) and Kennington (0.6 miles).
The property comprises of a double fronted ground and basement commercial unit, as well as 6 residential apartments of which 3 are sold off on long leases with 2 with circa. 60 years remaining.
The property is fully let producing a current passing rent of £107,280 per annum.
The commercial unit is let to Lynne Radio Limited who have been trading since 1970’s, for £45,000 per annum with an outstanding rent review 25/03/25 with notice being served at £59,500 per annum.
The three residential flats are fully let and produce £62,280 per annum with ERV of £72,000.
The freehold comes with the benefit of long leaseholds of 3 residential flats in 246 Walworth Road. The leaseholds have expired terms ranging between 59 and 150 years remaining.
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