72-76 Elmers End Road, Penge, London

This mixed-use investment opportunity presents a compelling case for both asset management and development. Comprising three contiguous properties built in the mid-20th century, including a notable extension known as Edward House, the site features diverse commercial and residential arrangements. Currently, there is a ground-floor retail space at 74-76 Elmers End Road operating as a hardware store, along with a split-level commercial unit at 72 Elmers End Road that will be vacated by its gym tenant in December 2026. This forthcoming vacancy represents a strategic moment to increase rental yields, given that this unit is currently significantly under market rent. Additionally, the upper floors house four fully let one-bedroom flats with separate access from the rear. There is potential for converting these upper levels into more residential units, subject to planning permissions (STPP), which could further boost the overall investment value.