Summary - Red Lion & Wheatsheaf Deptford High Street, London, SE8 SE8 4AD
1 bed 1 bath Commercial Property
### Standout Features:
- **Spacious Mixed-Use Freehold**: Includes a commercial unit and residential flats.
- **Income Potential**: Generates a total rental income of £47,400 PA with rent reviews in progress.
- **Excellent Location**: Conveniently near shops, amenities, and public transport.
- **Historical Character**: Victorian architecture offers unique design elements.
- **Growing Tech Area**: Located in a cosmopolitan hub attracting new EU tech workers.
- **Future Renovation Potential**: Opportunity to modernize the commercial and residential spaces.
### Concerns:
- **Lease Duration**: 6 years left on the lease for the commercial unit may hinder mortgage approvals.
- **High Crime Rate**: The area has been noted for high crime levels.
- **Maintenance Needs**: Property is in need of modernization and lacks insulation.
- **Area Deprivation**: Classified as a deprived locality, which may affect investment appeal in certain demographics.
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This is an exceptional investment opportunity for savvy buyers looking to capitalize on a prime mixed-use freehold property in the vibrant SE8 postcode. Spanning an impressive 1868 square feet, the building includes a commercial unit currently bringing in £22,800 annually, alongside two residential flats—each under-rented at £13,200 and £11,400 yearly—offering significant potential for increased yield. With a strong location in a bustling, cosmopolitan area and close to essential amenities, this property stands poised for revitalization.
However, it’s important to consider that the lease's limited duration may complicate financing options, and the property requires modern upgrades, influenced by its historical structure. Despite the high crime rates and economic challenges in the area, the demand from a growing population of tech workers can drive future appreciation. Don't miss out on the chance to transform this unique space into a profitable venture—properties like this in sought-after locations don't last long!
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