Wickham Lane, London

Location

Situated on the busy Wickham Lane, adjacent to Plumstead High Street, this prominent freehold mixed-use property enjoys an excellent trading position with high levels of both pedestrian footfall and passing vehicular traffic. The surrounding area is well established with a variety of independent retailers, national operators and residential housing, making it an ideal location for a wide range of commercial occupiers and investors alike. Excellent transport links and local amenities further enhance the property's appeal.

Description

The ground floor commercial unit has remained in the same ownership for several decades and offers a clean, well-maintained, open-plan retail space suitable for a variety of business uses (subject to the necessary consents). To the rear is a useful storage area together with a cloakroom/WC. The premises also benefit from a substantial lower ground floor basement, accessed via an internal staircase, providing valuable additional storage or ancillary accommodation.

Above the commercial premises is a spacious, self-contained three-bedroom flat, presented in good decorative order and currently occupied. The residential accommodation offers generous living space, making it highly attractive to tenants and providing an additional income stream for investors.

Terms

The freehold interest, including the commercial premises and self-contained three-bedroom flat, is offered for sale at Offers in the Region of £505,000.

VAT

The freehold interest, including the commercial premises and self-contained three-bedroom flat, is offered for sale at Offers in the Region of £505,000.

Rates

Interested parties are advised to make their own enquiries with the Valuation Office Agency regarding business rates by contacting

Self contained 3 Bedroom Flat

Occupying the upper floors, the property benefits from a spacious self-contained three-bedroom flat, presented in good decorative order throughout. The accommodation offers generous and well-proportioned living space, making it ideal for family occupation and providing a valuable residential income stream.

Reception Room

Fully carpeted throughout, doubled glazed windows, rad with TRV, attractive fireplace, lights to ceiling, skirting, coving.

Kitchen

Vinal flooring, wall and and floor mounted kitchen units, hob, extractor, oven, washing machine, tumble dryer, (all appliances untested)

Bedroom 1

Fully carpeted throughout, fitted skirting boards and decorative coving, pendant lighting to the ceiling, and a radiator with thermostatic radiator valve (TRV), creating a comfortable and well-presented bedroom space.

Bedroom 2

Fully carpeted throughout, fitted skirting boards and decorative coving, pendant lighting to the ceiling, and a radiator with thermostatic radiator valve (TRV), creating a comfortable and well-presented bedroom space.

Bedroom 3

Fully carpeted throughout, fitted skirting boards and decorative coving, pendant lighting to the ceiling, and a radiator with thermostatic radiator valve (TRV), creating a comfortable and well-presented bedroom space.

Family Bathroom

Bath/shower, vinal flooring, basin with chrome mixer taps, WC with push rod waist.

Harpers & Co Special Remarks

Harpers & Co are delighted to offer this excellent freehold mixed-use investment opportunity to the open market. Comprising a well-proportioned commercial unit with a substantial self-contained three-bedroom flat above, the property offers significant potential for both investors and owner-occupiers.

The residential flat is currently producing £300 per calendar month; however, in our opinion this is substantially under-rented, with an anticipated market rental value in excess of £2,100 per calendar month, presenting a clear opportunity to increase income and improve investment returns.

Furthermore, the property offers scope to extend (subject to the necessary planning permissions), enhancing both the commercial and residential accommodation. Situated in a strong trading location with excellent visibility, this represents a rare opportunity to acquire a versatile freehold asset with considerable future potential.