End terrace house for sale in 342 East Street, London SE17

For sale by auction 06/06/2024 £450,000 Plus

A freehold mixed commercial/residential investment property - currently producing £36,000 P.A.

Location & Description
A three storey property comprising a ground floor shop with rear access and a self-contained split-level first & second floor one bedroom apartment.

Located just off of Old Kent Road with Elephant & Castle Station (which is served by the Bakerloo and Northern lines) only 0.9 miles away. London Bridge Station (serving Southeastern, Thameslink, Southern as well as Jubilee & Northern lines) is just 1.1 Miles away.

Open House Viewings:

Viewing Schedule (No Booking Required)

Tuesday the 28th of May - 4pm - 4:30pm

Accommodation
The accommodation comprises of the following:

Ground Floor Shop 57 sqm/613 sq.ft approx including shop front, kitchen, two store rooms & staff toilet.
Split Level First & Second Floor Flat 74sqm/796 sq.ft approx including living room, kitchen, double bedroom & bathroom/toilet.

Tenancy Details
Shop Currently let to an individual (trading as a restaurant) for 7 years from 1st December 2019 at £18,000 p.a. Rent review 2024.

Split Level Ground Floor & First Floor Flat Currently let on a 12 month Assured Shorthold Tenancy from 10th December 2023 at £18,000 p.a.

Note
Auction Surveyor: Bryn Nettle
Contact:

Equivalent to £36,000 p.a.

EPC Rating
Shop - D
Flat - E