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Lewisham Way, London

Overview

ID: #27385591
Price: £ 2,000,000
Date Added: 17-11-2017
Type: Commercial
Contract: SSTC
Location: London
Bathrooms: 6
Bedrooms: 6
  • THREE ADJOINING MIXED USE FREEHOLDS
  • THREE COMMERCIAL UNITS
  • SIX RESIDENTIAL UNITS
  • WAREHOUSE WITH POTENTIAL FOR DEVELOPMENT (STPP)
  • 0.4 MILE TO NEW CROSS STATION

An opportunity to acquire three unbroken mixed use properties arranged over four
floors, comprising lower ground and ground commercial and residential units with 3
x two beds and 3 x studios in the upper parts. The property is currently producing
a total of £96,000 per annum and all tenants are on informal agreements with the
vendor.

GROUND FLOOR

Shop One – 7.52m max x 5.56m max (24’8 max x 18’3 max)

Shop Two – 7.47m max x 3.48m max (24’6 max x 11’5 max)

Shop Three – 4.67m max x 3.99m (15’4 max x 13’1)

Back Storage Room – 14.45m max x 8.28m (47’5 max x 27’2)

LOWER GROUND FLOOR – FLAT ONE

Living Room/Bedroom – 4.57m max x 3.56m (15′ max x 11’8)

Kitchen – 4.60m x 1.68m (15’1 x 5’6)

Bathroom

LOWER GROUND FLOOR – FLAT TWO

Stairs and Entrance Hall

Living Room – 3.66m x 3.05m (12′ x 10)

Kitchen – 3.15m x 3.05m (10’4 x 10′)

Bedroom One – 4.57m x 3.56m (15′ x 11’8)

Bedroom Two (including dressing area) – 4.57m max x 3.48m max (15′ max x 11’5 max)

Bathroom

FIRST FLOOR – FLAT THREE

Living Room/Bedroom – 4.88m max x 3.96m (16′ max x 13′)

Kitchen – 3.05m x 1.52m (10 x 5′)

Bathroom

FIRST FLOOR – FLAT FOUR

Entrance Hall

Living Room – 4.88m max x 3.96m (16′ max x 13′)

Kitchen – 2.74m x 2.51m (9′ x 8’3)

Bedroom One – 5.18m max x 3.96m (17′ max x 13′)

Bedroom Two – 3.05m max x 2.44m (10′ max x 8′)

Bathroom

SECOND FLOOR – FLAT FIVE

Living Room/Bedroom – 4.88m max x 3.84m (16′ max x 12’7)

Kitchen – 3.05m x 2.13m (10′ x 7′)

Bathroom

SECOND FLOOR – FLAT SIX

Entrance Hall

Living Room – 4.88m max x 3.84m (16′ max x 12’7)

Kitchen – 3.10m max x 2.36m (10’2 max x 7’9)

Bedroom One – 5.18m max x 3.96m (17′ max x 13′)

Bedroom Two – 2.62m x 2.44m (8’7 x 8′)

Bathroom

– The properties may possess future development potential subject to the necessary
consents. Benefiting from a total site area of 3,322 sqft (309 sqm), side access,
prominent corner position and potential refurbish the current units or redevelop
the site.
New Cross has been subject to numerous sites being redevelopment recently which has included ‘NX Gate’ consisting of 101 private residential units
provided by global developers ‘Realstar’. The ‘Renaissance SE13’ development
comprises 788 residential units as well as leisure centre, and the ‘Thurston Point’
development will provide 400 new residential units all with parking facilities.

LOCATION
New Cross is located to the west of Greenwich and to the east of Peckham, within the
London Borough of Lewisham. The area is popular with families as well as commuters
and students, boasting a high number of well-respected local schools and the popular
Goldsmith’s university. Lewisham Way (A20 connects Lewisham to central London
via the Old Kent Road (A2) and West London via the A202. The subject property is
positioned on the corner of a well-established local parade consisting of various
local convenience stores and other local businesses. Regular train services to London
Bridge and other London terminals are provided via the Southeastern services. London
Overground to Highbury & Islington also passes through New Cross Gate. Various bus
routes pass the subject properties.

PLANNING
There is currently no relevant planning history on the subject properties however
we believe the site offers potential to be comprehensively redeveloped into a
mixed use scheme.

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