Summary - 1-5 Waylett Place, London SE27 9AF SE27 9AF
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold industrial site spanning **792sqm (8,525sqft)**.
- Currently arranged with **5 commercial units**, offering **4,941sqft** of light industrial space.
- Mixed-use property with vehicle repair workshops and a hand car wash.
- Development potential for multiple dwellings or modernization (subject to consents).
- **Investment opportunity** with current rental income of **£44,464 p.a.** (low at £9 psf).
- **Arrears of £160,508** to be transferred to the buyer.
**Summary:**
This extensive freehold property at **1-5 Waylett Place** offers a unique investment opportunity in a vibrant inner-city location. Currently housing five commercial units, including MOT workshops and a hand car wash, the site spans **8,525sqft** and presents significant potential for redevelopment into residential dwellings, subject to necessary planning permissions. With existing lease agreements in place, the property generates an annual income of **£44,464**, with considerable improvement potential to raise rental values.
Located just **0.3 miles from West Norwood train station**, this site benefits from excellent transport links while being surrounded by various amenities including shops, cafes, and schools, making it appealing for both investors and owner-occupiers. It's a perfect opportunity for those looking to capitalize on the leasing potential while exploring modernization or redevelopment options. Don’t miss out on this versatile asset – it’s ideal for investors keen on making strategic enhancements or developers looking to build new residential units in a burgeoning area. Act quickly, as opportunities like this won't last long!
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