Summary - 119, SOUTHAMPTON WAY SE5 7EW
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime retail property with ground floor shop (currently Coral) generating rental income of £24,175 p.a.
- Approved planning for a mansard roof extension to create a 2-bed apartment, enhancing future value.
- Situated in a densely populated area with excellent visibility and foot traffic.
- Freehold tenure providing long-term investment stability.
- An established commercial lease in place with Coral Racing Limited until 2027.
**Potential Downsides:**
- 64 years remaining on leasehold for the residential flats could deter mortgage lenders.
- The local area experiences above-average crime rates and is classified as deprived.
This prominent retail property at 119 Southampton Way, London, SE5, offers a unique investment opportunity for those looking to combine commercial and residential potential. The ground floor betting shop is currently let to Coral, ensuring a steady income stream, while the approved planning permission for a mansard extension allows for future development into a two-bedroom apartment—perfect for maximizing your investment return.
Located in a vibrant neighborhood, the property benefits from nearby conveniences, including schools rated 'Good' and 'Outstanding' by Ofsted, making it appealing for future tenants or owners. However, investors should be mindful of the short lease on the residential flats, which may complicate financing options. With the bustling atmosphere of Southwark and excellent transport links, this property provides a solid foundation for both immediate profitability and long-term growth. Don’t miss out on this strategic investment opportunity in a rapidly evolving urban landscape!
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