173 Trafalgar Road & 168 Old Woolwich Road, Greenwich, London

An excellent opportunity to acquire a mixed-use freehold investment occupying a prominent position on the ever-popular Trafalgar Road.

The four-storey building comprises a lower ground and ground floor commercial unit, accessed directly from Trafalgar Road, together with two one-bedroom flats at first and second floor levels, independently accessed from Old Woolwich Road.

The commercial unit is let to Vorwerk UK Limited at a current passing rent of £23,000 per annum until 31 March 2028. A tenant-only break option recently passed without being exercised. Vorwerk occupies the premises as a showroom and in-person workshop for its Thermomix brand. The company currently operates 24 physical locations across the UK, while its German parent group has an annual turnover of approximately £3 billion.

The two one-bedroom flats have been recently refurbished to a high standard and are let to fully vetted working professionals, producing a combined £42,300 per annum (£1,750 pcm for Flat 1 and £1,775 pcm for Flat 2).

The property currently generates £65,300 per annum, increasing to £66,300 per annum from 31 March following a fixed £1,000 per annum. commercial rent increase.