114 Rye Lane, Peckham, London Mixed use for sale

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114 Rye Lane, Peckham, London Mixed use for sale

114 Rye Lane, Peckham, London
£2,000,000

Our Summary

  • There is a parcel of land to the rear with development potential (STPP) which could be included as part of the sale subject to terms and price
  • Land at the rear with development potential (STPP) available to purchase (subject to terms)

Description

The property consists of a retail unit on the ground floor and an 8-bedroom HMO on the upper three floors. The retail unit is let on a 20-year term and generates £51,000 per annum, while the HMO is fully let and produces £115,200 per annum. The HMO has been recently refurbished and features modern décor, high ceilings, and en-suite facilities in each room. The property also has a large public carpark to the rear and a parcel of land with development potential, which could be included in the sale. The retail unit has a strong frontage and open plan layout, with accessible toilet facilities and rear access, while the HMO has a communal kitchen with AEG appliances and an outdoor terrace.