7 Plough Way, Surrey Quays, London SE16 2LS
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 5th November
- Freehold mixed-use investment
- Comprising a restaurant on ground and basement
- Two self-contained flats over first, second and third floors
- Currently producing £50,800 per annum
- 0.2 miles from Surrey Quays Station
- 7.8% Gross Yield at Guide Price
Description
StrapLine
Auction Sale - 05/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteFreehold mixed-use investment comprising a ground floor restaurant with two self-contained flats above. Centrally located and currently producing £50,800 per annum.
Description
The opportunity for investors to purchase a freehold mixed-use property set in the popular Surrey Quays in South East London. Currently fully let, the property comprises a restaurant on the ground and basement floors with two, two-bedroom flats above. The property generates a total income of £50,800 per annum. The commercial unit currently pays £13,000 per annum and measures approximately 62sqm. The two flats above (7A & 7B) are generating £1,800 and £1,350 per month respectively. Flat 7A has recently been refurbished but there is the opportunity to do the same to 7B and increase the rental income in due course.
Location
The property is located 0.2 miles from Surrey Quays Overground Station on the Windrush line providing links into East and North London via Shoreditch and Croydon and Crystal Palace via Sydenham and Peckham.
Local amenities include Surrey Quays Shopping Centre, Southwark Park, trendy cafes, restaurants, and easy access to the cultural hubs of Greenwich and Deptford.
Transport
Surrey Quays Station - Windrush Line
Accommodation
Restaurant - Ground floor serving counter with rear kitchen and stores to the lower ground floor. Approximate area 923 sq ft (85.7 sq m)
First floor flat - Reception room/ kitchen, Two bedrooms, Shower room/wc. Approximate area 436 sq ft (40.5 sq m)
Second / third floor flat - Reception room, Kitchen, Two bedrooms, Bathroom/wc
7 Plough Way, Surrey Quays, London SE16 2LS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Surrey Quays Station0.2 miles
- Canada Water Station0.5 miles
- South Bermondsey Station0.6 miles
Notes
Disclaimer - Property reference 196-19378. 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 Savills Auctions, 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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