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Retail Units & Shops

Greater London

property

15 - 16 London Road, Waterloo BID - Picture 2023-07-14-10-38-23

Under Offer

15-16 London Road Elephant & Castle, Greater London, SE1 6JZ

Use Class

Size

6,225 sq ft

Rent pa

£145,800

Price

£2,450,000

Market Sector

Retail & Shopping Park

Key Features

Total Gross rental income £145,800 pa
Two retail units producing £29,000 pa and £16,000 respectively with outstanding rent review from 2021
Three x 2 bed duplex flats, one x 2 bed and one x 1 bed producing a gross income of £100,800 pa
Located opposite London Southbank University

Description

Retail and Residential investment opportunity. Located directly opposite London Southbank University.

Retail and residential investment opportunity comprising two retail units let on FR&I leases and five self contained flats let on ASTs.

There may be opportunity to improve the rental income on both retail and residential units with an outstanding rent review on one of the commercial units from 2021. A new mansard roof and 2nd floor was constructed 2015/6.

The property has not been measured and all measurements are from available sources such as EPC register and VOA.

Location

Opposite London South Bank University and a short walk to Elephant & Castle Underground.

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.