Melbourne Grove, East Dulwich, London, SE22

This mixed-use freehold property located in the desirable area of East Dulwich presents a promising investment opportunity with significant potential for renovation and value enhancement (subject to planning permission). Comprising a ground floor commercial unit along with two residential flats on the upper levels, this property has previously functioned as a House in Multiple Occupation (HMO) and is now available with full vacant possession. Historically generating an income of £76,800 per year, there is potential to increase this figure to £96,000 through strategic improvements and possibly extending the building upwards or rearward (STPP). The prime location adjacent to East Dulwich Station situates it amid vibrant local amenities including shops and cafés, maintaining high demand for both its commercial and residential offerings. This versatile freehold not only promises immediate rental income but also long-term growth prospects for savvy developers and investors looking to capitalize on East Dulwich's thriving market.