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No longer on the market

This property is no longer on the market

Mixed use auction lot

Auction
Sold STC
Mixed use auction lot
7 beds
Added > 14 days

Features and description

  • Ideal mixed commercial and residential investment opportunity in Penge, SE London.
  • The ground floor currently produces £21,000 pa.
  • Commercial renewable lease on ground floor, expiring on 2 October 2028.
  • Three vacant flats and a cafe' (tenanted).
  • With scope to increase rental income to £79200pa.

SOLD S.T.C.


Freehold Mid-Terrace Building (part vacant).

London Borough of Bromley


An attractive investment opportunity, in Penge in South East London, in a popular location, convenient for Penge town centre, which is about 2.7miles to the east, and for Crystal Palace town centre, under a mile to the north west.

The Property is situated on the north east side of Anerley Road, near to the junction with Anerley Station Road and Minden Road, in the London Borough of Bromley, approximately 8 miles to the south of Central London.

The area is family friendly, with Betts Park and Crystal Palace Park open spaces nearby. Crystal Palace triangle is a popular destination for eating out.

There is a Sainsbury's and Aldi supermarket and local shops, a short walk away in Penge. On street parking is available in the vicinity.

The London South Circular is about 2.5km to the north. The nearest station is Anerley Station, with journey times to London Bridge of about 20 minutes.

The commercial part (let) is a thriving local cafe'. The flats on the first floor (Flat B), and top two floors (Flat C) are vacant. Especially noteworthy are the three roof terraces, to the rear aspect. New, replacement boilers and consumer units have recently been fitted to Flats B and C.

The spacious vacant flat in the basement is considered worthy of a program of repair and refurbishment.

Cafe' business not affected.

Viewing is recommended. Viewings are strictly by appointment.

Note. A cctv drains survey has revealed a cracked drain.  


Price Taylor LLP Commercial & Chartered Surveyors provide a comprehensive and competitively priced personal service tailored to your needs. We deal with most aspects of residential and commercial property. Contact us for more information today.     

Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. We are required by law to carry out a risk assessment on successful buyers. The successful buyer will need to provide us with timely proof of identity and proof of address, and provide us with timely information about source of funds, and provide us with any other information that we have a legitimate need for by law. If funds are from a third party (for example a gift from a relative), this applies to the third party. This may include engaging the services of third party credit reference agencies to undertake anti-money laundering checks, which are "soft searches "of your credit report, and do not affect your credit score.


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Price Taylor - Islington
Price Taylor - Islington
Northway House, 257 Upper Street Islington, London N1 1RU
020 3641 3946
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Who We Are Our staff have been part of a team which for over 30 years has been based in a North London, Islington headquartered firm of Commercial and Residential Estate Agents and Chartered Surveyors with branches covering England and Wales, as well as having an International presence. We have a combined experience of over 60 years, working in both local government and in the private sector. What We Do Estate Agency Services, Property Valuations by RICS Registered Valuers, Landlord & Tenant Services, Insolvency Property Services, Building Surveys and other Professional Services.  Our Values We aim to build the best reputation in the business as an Independent firm of Chartered Surveyors and Estate Agents. We also strive to give back to the community and the environment around us as we grow. Our Clients We work with a variety of private individuals, families, trusts, small, medium firms and blue chip companies alike. Most of our clients are referrals, which gives us great satisfaction. Our commitment to You Client satisfaction is our priority. Our staff is fully trained and undertake regular Continuing Professional Development. Your Peace of Mind We offer clients Professional Indemnity Insurance cover to meet or exceed RICS requirements as standard, and are a member of the RICS Client Money Protection Scheme, Safeagent, and a full member of The Property Ombudsman for added peace of mind. Data Protection and Anti-Money Laundering Your data is very important and we are committed to safeguarding it. We are registered with the ICO for the handling of data, and we are supervised by HMRC for the purpose of anti-money laundering.
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