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3 bed maisonette
The Cut, London SE1
£795,000
The Cut, London SE1
£795,000
Our Summary
- The property is in good decorative condition and could do with some updating, although it is presently let on an AST agreement yielding £40,040 per annum, with the option of vacant possession within 2 months of notice being given to the tenants
- The building next door (No 35), has recently been granted planning permission (12/11/24) which can be seen on Southwark council's planning portal, Ref: 23/ap/1883, to build on an additional floor and a rear extension
- Development potential
Description
This 3-bedroom freehold maisonette is situated on The Cut, a vibrant street with a mix of shops, cafes, restaurants, and theaters. The property has an independent entrance, internal stairwell access to the 1st and 2nd floors, and a south-facing roof terrace. Although it could benefit from some updating, it is currently let on an AST agreement generating £40,040 per annum, with the option of vacant possession within two months' notice. The building next door has recently been granted planning permission to build an additional floor and rear extension, which may impact the property's value. The location is convenient, just a minute's walk from Southwark station and three minutes from Waterloo.