Land for sale

86 High Street, Penge, London SE20

Freehold conversion/development opportunity located on High Street, Penge, a popular and well-connected South East London neighbourhood. The property is a mixed-use building currently arranged as a retail unit on the ground floor, a two bed maisonette over first and second floors, and a rear yard. Freehold to be sold with full vacant possession. Offers are invited in excess of £500,000. The property represents an attractive opportunity to acquire property in a popular London neighbourhood at a relatively low capital value.

Location

Penge is a well-established neighbourhood in the London Borough of Bromley in South East London. It is known for its blend of local amenities, shops, cafés, green spaces, and convenient transport links. 86 High Street benefits from frontage onto the popular high street, which offers a mix of national and independent occupiers.

The area is well-connected by public transport, with Penge East and Penge West railway stations both approximately a 5–8 minute walk away, offering services towards central London and connections to the wider rail and London Overground networks. The area is also well-served by buses.

Description

The property is currently arranged as a retail unit on the ground floor, a two bed maisonette over first and second floors, and a rear yard, which previously had an outbuilding.

The building provides a total of 1,421 square feet (132 square metres), as follows:

Ground floor retail unit: 581 square feet (54 square metres)
First and second floor maisonette: 840 square feet (78 square metres)

The building is currently vacant, allowing a purchaser immediate control of the asset.

Conversion/Development Opportunity

The property presents an opportunity for refurbishment or development with potential for additional massing, subject to planning.

Previous planning applications have been made for the property. Please enquire for full planning history.

Tenure

The freehold interest is to be sold with full vacant possession.

Vat

We have been informed that property is not elected for VAT.

Terms

Offers are invited in excess of £500,000. The property represents an attractive opportunity to acquire property in a popular London neighbourhood at a relatively low capital value.

Viewings

Viewings are strictly by appointment through sole agents Harston+Co.