This property presents a remarkable opportunity for those looking to invest in a mixed-use freehold dwelling with significant renovation potential. Comprising seven residential apartments and a ground-floor commercial unit currently tenanted by Novo Gym, this asset is fully occupied and generating steady income. The residential units are modern and come with NHBC warranties, ensuring peace of mind for future owners.
Situated on a 0.15-acre site, the property offers room for value enhancement through the potential addition of more residential units, subject to obtaining necessary planning consents. This flexibility makes it an appealing option for investors keen on maximizing their returns in a growing area.
Located just an 8-minute walk from Welling Station, the property benefits from excellent transport links, with travel times to London Bridge taking under 30 minutes and connections to the City of London in approximately 45 minutes via Southeastern and Elizabeth Line services. This accessibility positions the location as a desirable choice for commuters and contributes to strong rental demand in the area.
The unique combination of commercial and residential spaces, along with its attractive capital value of £295 per square foot across the total internal area, further enhances its investment appeal. This property is not just a sound investment; it also presents an opportunity for strategic expansion in an area poised for growth.
