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£495,000 OIEO

160 Southampton Way, London, SE5 Ref: 29498

A rare unbroken mixed-use freehold property, located on Southampton Way in Camberwell SE5.

The building is arranged as a ground floor commercial unit, and a self-contained split level flat over first and second floors above.

The commercial unit measures circa 436 sqft in total, and is being operated as a Chinese takeaway (therefore benefits from A5 / Sui Generis use). The property is owner-occupied, but is to be sold with a leaseback (of the commercial unit only) to the sellers who have operated their takeaway business from the ground floor for the past 18 years. This lease will be for a 10 year term, with no break options, and at a rent of £16,000 per annum exclusive. Further terms of the lease are to be agreed with the ultimate purchaser.

The first and second floors comprise a self-contained 3 bedroom flat, with front access from Southampton Way itself. This flat measures circa 630 sqft in total and is in need of cosmetic refurbishment throughout. The flat is currently occupied by the sellers but will be sold with vacant possession on completion.

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