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7 Plough Way, London

Guide Price
£575,000

£420.01 per sq ft

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE AVAILABLE

1,369 sq ft

127 sq m

SECTOR

Mixed use property for sale

Key features

  • 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

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.

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

Brochures

7 Plough Way, London

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

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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Disclaimer - Property reference 97152B7B-508D-4DD2-8B1C-F91C58CFED34. 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, Savills Auctions- Commercial. 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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