· Ideal mixed commercial and residential investment opportunity in Penge, SE London.
· The ground floor currently produces £21,000 pa.
· Commercial renewable lease on ground floor, expiring on 2 October 2028.
· Three vacant flats and a cafe' (tenanted).
· With scope to increase rental income to £79,200 pa once fully let.
London Borough of Bromley
An attractive investment opportunity, in Penge in South East London, in a popular location, convenient for Penge town centre, which is about 2.7miles to the east, and for Crystal Palace town centre, under a mile to the north west.
The Property is situated on the north east side of Anerley Road, near to the junction with Anerley Station Road and Minden Road, in the London Borough of Bromley, approximately 8 miles to the south of Central London.
The area is family friendly, with Betts Park and Crystal Palace Park open spaces nearby. Crystal Palace triangle is a popular destination for eating out.
There is a Sainbury's and Aldi supermarket and local shops, a short walk away in Penge. On street parking is available in the vicinity.
The London South Circular is about 2.5km to the north. The nearest station is Anerley Station, with journey times to London Bridge of about 20 minutes.
The commercial part (let) is a thriving local cafe'. The flats on the first floor (Flat B), and top two floors (Flat C) are vacant. Especially noteworthy are the three roof terraces, to the rear aspect. New, replacement boilers and consumer units have recently been fitted to Flats B and C.
The spacious vacant flat in the basement is considered worthy of a program of repair and refurbishment.
Cafe' business not affected.
Viewing is recommended. Viewings are strictly by appointment.
Note. A cctv drains survey has revealed a cracked drain.