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£1,250,000 Offers in excess of Mortgage options

Property for sale

High Street, Penge, SE20

£1,250,000 Offers in excess of Mortgage options

Property for sale

High Street, Penge, SE20

Description

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Property features

  • Unfurnished
  • Shops and amenities nearby
  • Fitted Kitchen
  • Double glazing
  • Close to public transport
  • Parking

Property description

This is a FANTASTIC OPPORTUNITY to BUY A MID TERRACED MIXED USE FREEHOLD building arranged over three floors. The ground floor currently comprises a self contained office, let to an Mechanical & Electrical company. The first floor comprises 1 x 2 and 1 x 1 bedroom flats. The second floor comprises a further 1 x 2 and 1 x 1 bedroom flats. There is potential to convert the ground floor into residential and possibly go up another level to create a fourth floor.

Further information, such as floor plans, commercial lease and Assured Shorthold Tenancies can be provided on application.

The property is situated on Penge High Street (A234), between Lawrie Park Road and Crampton Road.

Various amenities can be found close by, such as convenience stores, DIY store, pubs, cafe′s, take-aways, crystal palace park, schools and an arts theatre, together with a good vibrant mix of independent and local traders further along the High Street.

Penge West and Penge East mainline railway and Overground stations are both within walking distance, providing services to London Bridge, London Victoria, West Croydon, Highbury & Islington, Bromley South, Coulsdon Town and Orpington. There are also buses serving the area, located on the High Street.

Sizes

Ground floor (offices) 66.05 m2 711 ft2

First floor (residential) 75.99 m2 818 ft2

Second floor (residential) 74.97 m2 807 ft2

Total 217.01 m2 2,336 ft2

TENURE

Freehold, with the benefit of a 3 year lease (Outside of L & T Act) from January 2020, with 3 monthly rolling breaks on the ground floor office and the 4 flats above are all rented out on AST′s. BUSINESS RATES We understand that the current rateable value for the commercial element is £7,318. Contact Bromley Council on[use Contact Agent Button] to confirm what amount is payable per annum.

commercial income: £18,300 pa

residential income: £47,700 pa

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Floor plans

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DISCLAIMER

Property reference 1287. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Key Property Consultants - Penge. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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