Introducing a promising mixed-use investment opportunity in New Cross, London SE14, featuring two adjoining freehold titles. This property includes three retail/commercial units and two self-contained two-bedroom flats. With New Cross station just 110 meters away, it offers convenient access to both the London Overground and National Rail services, making it an attractive location for tenants and businesses alike. The nearby Fordham Park adds to the area's appeal.
The property consists of 389 New Cross Road, which houses a fully let retail unit generating a stable income of £15,000 per annum under a secure ten-year lease starting December 2025. Additionally, there is a vacant retail space at the rear with significant potential; it measures approximately 94.5 sq. m (1,017 sq. ft.) and has an estimated rental value of £25,000 per annum.
In terms of residential offerings, there are two split-level two-bedroom flats: one above 389 New Cross Road earns £25,200 annually from its current tenants while the other above 391 achieves £24,000 per year. The latter property also includes a successful retail unit generating £36,000 annually from its tenant.
Notably, there is potential for further development at the rear of 391 New Cross Road through Grehan Mews—an area that may lend itself well to additional units or commercial spaces pending planning approvals. With this combination of income generation and development potential, this property stands as a solid investment opportunity in a vibrant area of London.
