During the final quarter of 2017 our investment team in London Bridge were appointed to manage the marketing and sale of this mixed-use property on Old Kent Road, SE1 on behalf of a private family trust. Well-located in the heart of one of London's most famous and historic thoroughfares, the subject property comprises 2 ground floor retail units with 8 flats above, all fully let. We set about a high profile marketing campaign which highlighted the properties secure income, as well as the wealth of regeneration planned for Old Kent Road which will only serve to ensure long term growth for the area. Our extensive marketing reach ensured that we had no shortage of interest and following a host of offers we successfully sold the property for a robust figure of £2,500,000 to local buyers. This figure reflects a net initial yield of just 4.51% and resulted in a very happy client! As always we would be delighted to hear from any property owners who require expert, no-nonsense advice on how best to maximise the value of your property.
PROJECT ADDRESS: 262-266 Old Kent Road, London SE1 5UB
CLIENT: Family Trust
SALE PRICE: £2,500,000