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4 bed terraced house
Lower Road, Surrey Quays SE16
£900,000
Lower Road, Surrey Quays SE16
£900,000
Our Summary
- This freehold mixed-use property presents a compelling investment opportunity, ideally suited to property investors and developers alike
- Planning permission has been granted for a two storey rear extension, enabling the creation of an additional residential dwelling
- In our view, upon completion of the extension works, the development has the potential to achieve a gross annual income in the region of 85,000
- Planning Permission
Description
This freehold property in Surrey Quays offers a unique investment opportunity, featuring a retail unit, a one-bedroom apartment, and three en-suite HMO rooms on the upper floors. Currently fully tenanted, the property generates an annual income of over £60,000. Planning permission has been granted for a two-storey rear extension, which will enable the creation of an additional residential dwelling, potentially increasing the annual income to £85,000. Situated in the heart of Surrey Quays, the property is well-positioned to benefit from the area's ongoing regeneration and rising demand, thanks to its proximity to the Canada Water Masterplan.