Real Estate · For Sale
3 bedroom maisonette for sale
Price
£1,395,000Location
The Cut, London SE1 · London · SE1 8LF · GB
Bedrooms
3
Bathrooms
2
Receptions
1
Type
apartments
About this property
A rare opportunity to acquire a mixed use freehold with a 1st and 2nd floor 3 double bedroom maisonette and private south facing roof terrace, with a seperate front door at street level, and a retail unit on the ground floor recently occupied by a new tenant.
The 3 bedroom maisontte is currently let on an annual AST agreement yielding an annual rent of 43,000. In the event of a sale the tenants can be given 2 months notice to hand over vacant possesion as agreed in the current AST agreement.
The ground floor retail unit has recently been tenanted by "Buns from Home" bakery, on a 15 year lease with 5 year rent reveiws, and currently paying 45,000 per annum.
The total annual income is 86,040 per annum.
The neighbouring building (No 35 The Cut), has recently been granted planning permission to build up 1 floor and extend to the rear. Plannig permission in November 2024 and can be viewed on Southwark planning portal ref: 23/AP/1883
The Cut is a semi-pedestrianised street, well known for its array of shops, cafes, bars and restaurants, also a destination for theatre goers to the Old Vic and Young Vic theat
Southwark station is a 2 minute walk and Waterloo 3 minutes, allowing easy access to Canary Wharf, the City and West End.
Viewing by appointment. Sole Agents.
Location
The Cut, London SE1 · London · SE1 8LF · GB