Summary - Flat 4, 150-152, London Road S2 4LT
6 bed 2 bath Mixed Use
Six lettable rooms and long‑term shop income in a student‑focused area.
Ground‑floor takeaway LET on 15‑year lease from May 2025 at £18,000 pa
A prominent mixed‑use end‑terrace on London Road offering immediate income and clear upside for an investor. The ground‑floor takeaway is secured on a 15‑year lease from May 2025 at £18,000 pa, while six residential rooms are configured for HMO/student letting and currently vacant for re‑letting. Advertised potential income is about £46,080 pa combining shop and rooms.
The property sits in a cosmopolitan, student‑focused neighbourhood with excellent transport links, fast broadband and strong local amenity provision — attractive for letting agents and operators targeting student demand. The building dates from the 1930s–40s, has double glazing, gas central heating and a large plot, but the timber‑frame walls are assumed to have no cavity insulation.
Buyers should note material points: the area records high crime levels, the shop business rates are assessed at £13,750 (2023), and the sale will be at auction with an administration fee, buyer’s premium, and other potential disbursements payable on exchange/completion. Residential accommodation has been left vacant for sale and will require operational setup and ongoing management to achieve the stated rents.
An open viewing is scheduled and an early inspection is recommended to appreciate room sizes and refurbishment potential. This is a straightforward opportunity for a hands‑on investor or HMO operator prepared to manage lettings, compliance and any required upgrades.
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