Development,Investment for sale in Kirkdale Road, Sydenham, London
An unbroken mixed-use freehold building adjacent to the Kirkdale roundabout in Upper Sydenham. The property is arranged as a ground and basement floor commercial unit, and two self-contained flats across the first floor.
The commercial unit measures circa 2,600sqft, with approx. 1,900sqft across the ground floor and 700sqft in the basement. The shop is let at a passing rent of £17,000p/a, with 7 years unexpired.
The first floor includes two self-contained one bedroom flats measuring circa 450sqft & 400sqft respectively. Both flats are let on ASTs at a combined rent of £19,000p/a.
There is vehicular access to the rear of the property via a service road off Willow Way.
There would appear to be airspace development potential considering the precedent for height driven by surrounding buildings. Further it may be possible to reconfigure the commercial unit to provide a more efficient retail space, and convert part into residential (subject to the existing lease terms and planning permission).
Undoubtedly there are various angles for a buyer to exploit.