This property presents a rare mixed-use investment opportunity in New Cross, London SE14, comprising two adjacent freehold titles. It houses three retail/commercial units along with two self-contained two-bedroom flats, making it an attractive prospect for savvy investors. The site enjoys excellent proximity to New Cross station—just 110 metres away—providing easy access to London Overground and National Rail services. Additionally, Fordham Park is conveniently located within a short walking distance.
The first title at 389 New Cross Road consists of a fully leased retail unit measuring approximately 30.5 sq. m (328 sq. ft.), generating £1,250 per month under a secure 10-year lease that commenced in December 2025. A larger vacant retail space of around 94.5 sq. m (1,017 sq. ft.) at the rear could offer significant additional income potential with an estimated rental value of £2,083 per month.
On the residential front, one flat occupies the first and second floors with a generous layout of about 91 sq. m (981 sq. ft.), currently yielding £2,100 per month from its assured tenancy.
The second title at 391 New Cross Road features a ground floor and basement retail unit of approximately 110.6 sq. m (1,190 sq. ft.), fully leased to reputable tenants generating £3,000 monthly rental income. Above this unit lies another spacious self-contained two-bedroom flat (around 109 sq. m or 1,173 sq. ft.) bringing in £2,000 monthly.
Moreover, there is noteworthy development potential to create further spaces at the rear of this property via Grehan Mews—an opportunity that could be explored pending planning approvals.
This unique combination of existing revenue streams alongside future development possibilities makes this property a strong candidate for renovation and investment.
