This mixed-use three-story building presents a compelling opportunity for investors looking to enhance their portfolio in East Dulwich. The property is situated on a well-established parade, making it an attractive location with high foot traffic and visibility.
The ground floor comprises a vacant commercial unit of 119 square meters that requires refurbishment, offering the potential for significant value addition. It comes with approved planning consent to transform this space into a two-bedroom flat measuring 66 square meters alongside a smaller 21 square meter commercial unit at the front. This redevelopment could yield a gross development value (GDV) of approximately £800,000, making it an intriguing prospect for those interested in property renovation and conversion.
Above, the first and second floors house a well-maintained three-unit House in Multiple Occupation (HMO), which currently generates an annual rental income of £43,000. This income stream adds immediate value while presenting further possibilities for optimizing rental yields through strategic management or refurbishment.
Investors have the flexibility to acquire either the ground floor on a 999-year lease or the entire freehold building, allowing for tailored investment strategies depending on individual goals.
Located just a minute's walk from East Dulwich station, the property benefits from excellent transport links and is surrounded by desirable local amenities including cafes, restaurants, and green spaces along East Dulwich Road. This combination of location and potential makes this property worthy of consideration for both seasoned investors and those entering the market. All prospective buyers should conduct their own due diligence to assess this unique opportunity fully.
