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

This Property is Currently 'Under Offer'
15 - 16 London Road, Waterloo BID - Picture 2023-07-14-10-38-23
15 - 16 London Road, Waterloo BID - Picture 2023-07-14-10-38-32
Use Class

Use Class

E

Size

Size

6,225 sq ft

Rent pa

Rent pa

£145,800

Price

Price

£2,450,000

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.

  • 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

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

Accommodation

6,225 Sq.Ft

Dimensions
Feet
Metres
Unit - 15a-16 London Road
2,059
191.29
Unit - 15 London Road
550
51.1
2nd - Flat 1, 2a Gladstone Street
400
37.16
2nd - Flat 2, 2a Gladstone Street
613
56.95
1st - 15a London Road
828
76.92
2nd - 15b London Road
979
90.95
1st - 16a London Road
796
73.95

Financial

Rent

Subject to contract, rental offers are invited in the region of £145800 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Business Rates

Business Rates - Upon Enquiry

Misrepresentation Notice

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.

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This was last updated on 25/04/2024