388C Old Kent Road, London, Southwark, SE1 5AA
- PROPERTY TYPE
Mixed Use
- BEDROOMS
3
- BATHROOMS
3
- SIZE
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Key features
- Freehold
Description
Location & Description
A substantial four story freehold property comprising a ground floor retail unit and 3x 1 bedroom flats situated on the ground, first and second floors.
The property is prominently situated on Old Kent Road, approximately two miles south-east of Central London. The surrounding area provides a wide range of shops, supermarkets, cafs and local amenities, with Burgess Park nearby.
Excellent bus services operate along Old Kent Road, providing connections towards Elephant & Castle, London Bridge, Peckham and Central London, while Bermondsey Underground and South Bermondsey railway stations are both approximately 0.9 miles away.
Accommodation
Ground Floor: Retail unit with basement
First Floor: One bedroom flat
Second Floor: One bedroom flat
Third Floor: One bedroom flat
Total GIA: 2,499 sq ft (232.1 sq m)
Tenure
Freehold
Tenancy Details
Retail Unit: Let on a 16 year lease dated 25.03.2024 at £24,750 p.a. with a rent review every 4 years.
Flat A: Let on an AST (now a Periodic Tenancy under the Renters' Rights Act 2025 at £1,500pcm (£18,000 p.a.)
Flat B: Let on an AST (now a Periodic Tenancy under the Renters' Rights Act 2025 at £1,225pcm (£14,700 p.a.)
Flat C: Currently vacant
Note
Auction Surveyor: Stuart Mackay
Contact: /
stuart.
PRODUCING £57,450 P.A. WITH ONE VACANT FLAT
Viewing Times
Brochures
Legal Documents388C Old Kent Road, London, Southwark, SE1 5AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Bermondsey Station0.8 miles
- Bermondsey Station0.9 miles
- Queens Road Peckham Station1.1 miles
Notes
Disclaimer - Property reference 367112. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons, Strettons Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons, Strettons Auctions on 020 3840 3721.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”