72-76 Elmers End Road, Penge, London
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- Unbroken Freehold, mixed-use investment for sale
- 4 flats in upper parts (fully let and managed)
- Commercial unit at 74-76 Elmers End Road let until 2032
- Re-development potential (stpp) at 72 Elmers End Road
- Current rent roll £105,400 per annum with an ERV of £167,600 per annum
- OIRO £1,850,000 F/H
Description
The investment comprises three neighbouring mid-parade mixed-use properties. The buildings were originally constructed in the mid-1900s, with a later rear extension known as Edward House.
The property is currently arranged to provide a ground floor commercial unit at 74-76 Elmers End Road, let to a hardware retailer; a split-level commercial unit at 72 Elmers End Road, let to a gym operator who is due to vacate in December 2026; and four fully let one-bedroom flats on the upper floors, accessed from the rear of the property.
The upcoming vacancy of 72 Elmers End Road in December 2026 presents an opportunity to significantly enhance rental income (the unit is currently heavily underlet) and/or explore the conversion of the upper parts to residential use, subject to planning permission (STPP).
Brochures
72-76 Elmers End Road, Penge, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Birkbeck Station0.2 miles
- Avenue Road Tram Stop0.3 miles
- Harrington Rd Tram Stop0.5 miles
Notes
Disclaimer - Property reference 37418FH. 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 Acorn Commercial, Acorn 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.
Map data ©OpenStreetMap contributors.