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£1,000,000 OIEO

242 Camberwell Road, London SE5 Ref: 28066

A rare opportunity for investors to acquire a freehold pub investment returning 7.5% in the popular area of Camberwell.

The property comprises an end of terrace 2 storey building with an outside courtyard to the rear. The building includes a ground floor pub measuring 1,250sqft, with a lower ground beer cellar/storage area measuring 962sqft. Additionally there is a large 3 bedroom flat on the first floor which measures 954sqft. In total the building extends to over 3,150sqft. The tenant has run their pub business from the Nags Head for over 25 years, and entered into a new 20 year lease in 2017.

In recent years Camberwell has enjoyed significant investment in residential development as the area has become ever more popular. 'The Wing' of Camberwell development sits adjacent to the subject property and comprises 164 new flats and 17 commercial units, all of which will no doubt increase footfall to the area.

We understand the building is not listed or within a Conservation Area, however, the lower and ground floors are classed as an Asset of Community Value (ACV).

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