72 Elmers End Road, Penge, London

This 3-storey commercial building presents a compelling investment opportunity with significant asset management potential. Built in the mid-1900s, the property features a rear extension that could be further optimised. Currently configured as a split-level commercial space, it is leased to a gym operator who will vacate in December 2026. This impending vacancy opens the door to enhance the rental income, as the current lease terms are below market value. Moreover, there is potential for conversion of the upper floors into residential units, subject to obtaining the necessary planning permissions (STPP), making this an ideal project for those looking to maximise returns through strategic renovation and re-letting.