Commercial property for sale in Downs Road, London E5

Offers over £2,250,000
Interested in this property? Call +44 20 8166 3061 * or Request Details

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Commercial property for sale
Tenure: Freehold Council tax band: Not available

Property features

  • Substantial freehold for sale in Lower Clapton, E5
  • Currently comprising 3 flats, 3 offices and a rear yard/car workshop
  • Rear plot has consent to build 2 offices and 1 flat
  • Current rental income of £114,760pa
  • Various ways to add value and increase rental income
  • Offers in excess of £2,250,000 f/h

Property description

Overview

A unique opportunity to purchase a substantial freehold building which not only benefits from a secure income but also provides incoming purchasers with opportunities to add value both through implementation of the planning permissions in place, through active management and internal modifications to achieve higher rents, and also by taking advantage of the commercial to residential potential (stpp).

Description

The property is positioned over four floors (including basement). The basement is currently unused, under-utilised and in need of refurbishment. The ground floor which is slightly elevated contains two E use class suites currently occupied as offices. The first floor is occupied by an office and a 1 bedroom flat, whilst the second and third floors comprise a split-level 1 bedroom flat and split-level 2 bedroom flat, both of which benefit from roof terraces. The rear of the property is occupied by an open yard and car garage which is accessed via an under croft on the left-hand side of the property.

The residential accommodation was converted/extended in 2016, is in excellent condition and attracts strong rents and low void periods as a result. The office accommodation on ground and part of the first floor is let to one occupier on a short-term agreement outside of the Act, whilst the car garage to the rear is also let to a motor mechanic on a short-term agreement outside of the Act.

Property info

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For more information about this property, please contact
Acorn - London Bridge Commercial, SE1 on +44 20 8166 3061 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Acorn - London Bridge Commercial, and do not constitute property particulars. Please contact Acorn - London Bridge Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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