New Cross Road, London, SE14
- PROPERTY TYPE
Flat
- BEDROOMS
4
- SIZE
4,690 sq ft
436 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold sale
- Mixed-use investment opportunity
- 3nos. retail/commercial units
- 2nos. 2-bedroom split-level flats
- Sold with tenants in situ
- Potential for additional development (STPP)
Description
389 New Cross Road features a vacant retail unit of circa 30.5 sq. m (328 sq. ft.) to the front and a vacant retail unit of circa 94.5 sq. m (1,017 sq. ft.). A split level two-bedroom self-contained flat of circa 91.0 sq. m (981 sq. ft.) occupies the first and second floor. The property has access via its own front door on New Cross Road.
The self-contained flat is currently let on an Assured Short Hold Tenancy agreement achieving a Gross Rental Income of £1,950 per calendar month / £23,400 per annum.
391 New Cross Road features a retail unit of circa 110.6 sq. m (1,190 sq. ft.) to the front occupying the basement and ground floor. The unit is fully let to Square Pizza / Halal Chicken achieving a Gross Rental Income of £3,000 per calendar month / £36,000 per annum. A split level two-bedroom self-contained flat of circa 109.0 sq. m (1,173 sq. ft.) occupies the first and second floor. The property has access via its own front door on New Cross Road. The self-contained flat is currently let on an Assured Short Hold Tenancy agreement achieving a Gross Rental Income of £2,000 per calendar month / £24,000 per annum.
Situated within the London borough of Lewisham, the property is conveniently located within 110 metres of New Cross station, New Cross is an interchange station between the Windrush line of the London Overground and National Rail services operated by Southeastern, located in New Cross in south-east London. The green space of Fordham Park is within 150 metres.
Additional Development Potential
In our view, there is the potential to create additional development to the rear of 391 New Cross Road access via Grehan Mews in-line with 385 to 389 and 393 to 399 New Cross Road, subject to securing the necessary planning consents.
Tenure - Freehold HM Land Registry Title Numbers LN77684 & LN85820.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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New Cross Road, London, SE14
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About Dexters Development & Investment, South London
Dexters Wimbledon, 12 The Broadway London SW19 1RFYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference NewCrossRoad2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dexters Development & Investment, South London. Please contact the selling agent or developer 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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