Wellmeadow Road, London, SE6
- PROPERTY TYPE
Commercial Property
- SIZE
1,807 sq ft
168 sq m
Key features
- Substantial mixed-use freehold for sale in Hither Green
- Main building has planning consent for 3 spacious flats (1 flat already complete)
- Rear building is a modern class E unit measuring 1,807 sqft
- Low residential conversion costs for main building
- ERV £95,400 pa (7.3% gross yield on total estimated investment)
- Offered with full vacant possession
- OIEO £1.1m
Description
Main Building
A triple fronted Victorian building fronting Wellmeadow Road measuring c.3,094 sqft internally. This main building is currently owner occupied as a creative arts school on the ground floor (planning class E) and management accommodation (planning class C3) on the first floor.
Rear Building
To the rear of the main building is a detached single storey commercial property (planning class E), constructed in 2010.Measuring c.1,807sqft, the rear building is currently owner-operated as a dance studio and associated facilities.
The entire property, that has been owner operated as 'The London Stage School' for nearly half a century, benefits from a large garden to the rear (between the 2 buildings) and off street/ample free parking at the front of the main building. Planning permission was recently obtained to convert the main building into 3 x spacious flats (planning class C3) through internal re-configuration . Costs for this residential conversion are significantly reduced as the layout and amenities of one of the flats is
virtually complete. The property therefore presents opportunity to an investor to convert the main building into full residential to retain on a rental basis whilst retaining the existing commercial building to the rear that due to its layout would be of appeal to be leased by indoor sports operators, day nursery, creative arts studio etc.
Brochures
Brochure 1Wellmeadow Road, London, SE6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hither Green Station0.8 miles
- Lee Station0.8 miles
- Bellingham Station1.1 miles
About the agent
Established in 1984 as a single, independent estate agency, The Acorn Group, which incorporates Acorn, Langford Russell and John Payne, now spans 40 offices throughout South London, Kent, and Medway. Our highly skilled team is dedicated to providing tailored services to all our clients. We cover a comprehensive range of property services including financial services, chartered surveyors, property management, lease extensions and more.
Industry affiliations
Notes
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