£1,850,000
(£525.72/sq. ft)
Retail premises for sale223-229 Walworth Road, London SE17
3,519 sq. ft
About this property
Located in Elephant & Castle, the area is currently undergoing one of London’s largest regeneration projects with over 2,000 new homes constructed in the last decade and a total of 5,000 homes expected to be completed by the end of 2026.
Situated on the eastern side of Walworth Road, 5 minutes’ walk south from Elephant Park.
Extremely well-connected location with Elephant & Castle Overground and Underground Stations providing excellent connectivity.
Bakerloo Line, Northern Line and Thameslink services connecting to the City in 6 minutes and the West End in 12 minutes.
Retail investment comprising three ground floor retail units (including one double-fronted unit) arranged over approximately 3,519 sq ft (327 sq m).
Fully let to established occupiers including Crisis UK, Side Street, and Mind UK, providing a diverse tenant mix with strong covenant profiles and community presence.
Total income of £151,760.50 per annum.
Offers in excess of £1,850,000 subject to contract, for the benefit of a new 999-year long leasehold interest at a peppercorn rent.
The subject property comprises three adjoining retail units (one of which is double fronted) arranged at ground floor level and occupying a prominent position on Walworth Road.
The retail accommodation extends to approximately 3,519 sq ft (327 sq m) and is fully let to Crisis UK, Side Street and Mind UK, producing a total commercial income
of £151,760.50 per annum.
The property benefits from extensive frontage onto Walworth Road, a well-established retail destination serving a large residential catchment with significant
footfall generated by the ongoing regeneration of Elephant & Castle.
Location
An exciting destination with a vibrant mix of lifestyle amenities. Walworth Road is a well-established High Street located in the London Borough of Southwark, approximately 1.37 miles south west of Bermondsey, 0.6 miles south of Elephant & Castle, 0.9 miles east of Oval and 2 miles north of Brixton.
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