Summary - Creek Road, London, SE8 SE8 3BU
1 bed 1 bath Commercial Property
Short-term commercial unit ideal for hands-on investors seeking central exposure.
Prominent street-facing ground-floor unit, approx. 394 sq ft
Currently operated as a dry cleaners with immediate trading potential
Short lease: expires 08/10/2030 (approx. four years remaining)
Rent £10,000 pa plus VAT; buyer must be freeholder-qualified
Service charge/insurance approx. £1,193 pa; noted as expensive for size
Not many years on lease — mortgage lenders may refuse to lend
Located in inner-city, high-footfall but high local crime area
Small unit; needs fit-out/organisation for alternate uses
This compact ground-floor commercial unit (approx. 394 sq ft) sits on a prominent stretch of Creek Road and is currently run as a dry cleaners. Its street-facing position and local amenities generate regular footfall, making it suited to an owner-operator business or a buy-to-let investor prepared to manage a short lease. The unit is configured in a traditional layout with basic industrial finishes and double glazing.
Important lease and cost facts are clear: the lease runs until 8 October 2030 (about four years remaining), with rent at £10,000 pa plus VAT and service charge/insurance quoted around £1,193 per year. The short lease length is the principal risk — many mortgage lenders may refuse lending on this asset and the freeholder requires qualification by prospective parties.
The property offers immediate trading potential for a continuation of dry cleaning or similar retail/service uses and could suit investors wanting a low-maintenance, income-producing unit in an inner-city, multicultural student neighbourhood. However, limited lease duration, high local crime rates and a relatively high service charge for a small unit mean this is best for buyers who can pay cash, use it themselves, or accept higher risk and active management.
Buyers should budget for basic reorganisation/fit-out to improve interior layout and storage efficiency. All material details supplied should be checked independently: lease length, running costs, freeholder conditions and any lender acceptability before committing.
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