This impressive freehold property consists of four self-contained one-bedroom apartments strategically located in a lively area of South East London. With immediate rental income potential, each apartment is thoughtfully designed and offers opportunities for enhancement through renovation. The building has received approved planning permission (Ref: DC/25/138903), adding considerable value for those looking to invest or develop further.
The layout spans four levels, with each apartment featuring its private entrance, ensuring tenant privacy. The lower ground floor includes a delightful private courtyard perfect for outdoor activities, while the raised ground floor benefits from direct access to a shared rear garden, promoting an inviting indoor/outdoor lifestyle. The first and second floors are home to well-lit one-bedroom flats showcasing appealing period features.
Currently yielding a combined annual rental income of £49,500, there is substantial scope for rent increase post-refurbishment or redevelopment. Situated between New Cross and Deptford, the property is enveloped by a vibrant local culture with access to independent shops, diverse cafes, and artistic venues that attract young professionals and creatives.
Transport links are excellent with both New Cross and Deptford stations within easy walking distance, providing swift connections to key destinations like London Bridge and Canary Wharf. This area not only offers urban convenience but also close proximity to green spaces where residents can unwind.
Whether you're considering a fully-tenanted investment or envisioning a redevelopment project with existing planning approval in place, this property presents significant adaptability and long-term growth potential.
