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Mixed Use investment Property for sale at auction in London

342 East Street, London, SE17 2SX
For sale
£450,000 Guide Price
AUCTION PROPERTY
strettons
This property is marketed by:
Strettons

A three storey property comprising a ground floor shop with rear access and a self-contained split-level first & second floor one bedroom apartment. Located just off of Old Kent Road with Elephant & Castle Station (which is served by the Bakerloo and Northern lines) only 0.9 miles away. London Bridge Station (serving Southeastern, Thameslink, Southern as well as Jubilee & Northern lines) is just 1.1 Miles away. Open House Viewings: Viewing Schedule (No Booking Required) Tuesday the 28th of May - 4pm - 4:30pm.

The accommodation comprises of the following:

Ground Floor Shop 57 sqm/613 sq.ft approx including shop front, kitchen, two store rooms & staff toilet.
Split Level First & Second Floor Flat 74sqm/796 sq.ft approx including living room, kitchen, double bedroom & bathroom/toilet.

Tenancy Details

Shop Currently let to an individual (trading as a restaurant) for 7 years from 1st December 2019 at £18,000 p.a. Rent review 2024.

Split Level Ground Floor & First Floor Flat Currently let on a 12 month Assured Shorthold Tenancy from 10th December 2023 at £18,000 p.a.

EQUIVALENT TO £36,000 p.a.

EPC Rating

Shop - D
Flat - E