>
4 bedroom flat for sale
New Cross Road, London, SE14
£1,500,000
New Cross Road, London, SE14
£1,500,000
Our Summary
- Dexters are delighted to introduce for sale two adjacent freehold titles located in New Cross, London SE14 featuring a mixed-use investment opportunity containing 3nos
- Additional Development Potential In our view, there is the potential to create additional development to the rear of 391 New Cross Road access via Grehan Mews in-line with 385 to 389 and 393 to 399 New Cross Road, subject to securing the necessary planning consents
- Mixed-use investment opportunity
- Potential for additional development (STPP)
Description
Two adjacent freehold properties on New Cross Road in London SE14 offer a mixed-use investment opportunity, comprising three retail/commercial units and two self-contained two-bedroom flats. The properties, numbered 389 and 391 New Cross Road, feature a range of units, including vacant retail spaces and let flats. The retail units on the ground floor are fully let, with one unit generating £36,000 per annum and the other £24,000 per annum. The self-contained flats on the first and second floors are also let, with one achieving £23,400 per annum and the other £24,000 per annum. The properties have access via their own front doors on New Cross Road and are situated within 110 meters of New Cross station, with nearby green spaces and potential for additional development to the rear of one of the properties, subject to securing necessary planning consents.