Summary - Plough Way, London, SE16 SE16 2LS
1 bed 1 bath Mixed Use
Two lettable flats plus a ground-floor restaurant, 0.2 miles to Overground.
Freehold mixed-use building with restaurant plus two flats
A rare freehold mixed-use opportunity in central Surrey Quays, currently producing £50,800 pa and offering immediate cashflow at a 7.8% gross yield (at guide price). The building houses a ground-and-basement restaurant (approx. 62 sqm) plus two self-contained flats above; one flat has been recently refurbished while the other presents upside through redecoration or more extensive improvement.
The location is highly accessible — only 0.2 miles from Surrey Quays Overground station with fast links into East and North London. Total internal area is generous (c.1,369 sq ft) for this setting, and the property benefits from very low flood risk and excellent mobile and broadband connectivity.
Notable drawbacks are straightforward: the property needs renovation in parts, tenure is not confirmed in the provided information, and the immediate area shows above-average crime and local deprivation indicators. The commercial unit currently pays £13,000 pa; residential rents are £1,800 and £1,350 pcm respectively, so rental growth is feasible after works, especially to the unrefurbished flat.
This asset suits an investor or small portfolio buyer seeking a hands-on mixed-use freehold with near-term rental uplift potential. Prospective purchasers should verify tenure details, inspect lease arrangements and service details, and factor refurbishment costs and local area risks into valuations.
Commercial property for sale in 7 Plough Way, Surrey Quays, London SE16 2LS, SE16 — £575,000 • 1 bed • 1 bath • 436 ft²
Mixed use property for sale in 7 Plough Way, Surrey Quays, London, SE16 — £650,000 • 1 bed • 1 bath • 923 ft²
Commercial property for sale in Lower Road, Surrey Quays SE16 — £1,000,000 • 4 bed • 2 bath • 1620 ft²
Commercial property for sale in Deptford High Street, London, SE8 — £900,000 • 1 bed • 1 bath • 1868 ft²
Guest house for sale in Lower Road, London, SE16 — £3,000,000 • 1 bed • 1 bath
Commercial property for sale in Deptford High Street, London, SE8 — £900,000 • 1 bed • 1 bath • 1868 ft²
