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198a Halfway Street, Sidcup, Kent Mixed use for sale
198a Halfway Street, Sidcup, Kent
£950,000
198a Halfway Street, Sidcup, Kent
£950,000
Our Summary
- The property is in good condition throughout however, the HMO would benefit from some modernisation throughout and is currently not licensed
- The property offers clear potential for a buyer to increase the rental income and actively manage the current leases to maximise the value of the investment
Description
This substantial mixed-use property in Sidcup offers a unique opportunity for a buyer to increase its value through renovation and management. The property comprises a 2,193sqft commercial unit, currently a kitchen showroom, let to Waterloo Plumbing and BCK INTERIOR LTD, and a 2-bedroom flat above. The first and second floors are configured as a consented 7-bedroom HMO, with communal areas and currently generating a passing rent of £34,220pa. While the property is in good condition, the HMO could benefit from modernization and is currently not licensed. With the potential to increase the rental income and actively manage the current leases, this property presents a valuable investment opportunity. The HMO uppers can be sold with existing tenants or vacant, offering flexibility for the buyer.