Affordable Penge freehold with clear conversion potential for small developers.
- Freehold single-storey commercial unit, vacant possession
- Approximately 1,259 sq ft (117 sq m) internal floor area
- High ceilings and open-plan layout suitable for many uses
- Small private courtyard provides limited external amenity
- Scope to add second storey and create up to four flats (STPP)
- Currently derelict/worn condition; graffiti and remedial work needed
- Constrained footprint and limited on-site parking/turning
- No planning consent granted; redevelopment requires approvals
A rare freehold lock-up garage/workshop in central Penge, offered with vacant possession and clear development interest for investors or owner-occupiers. The single-storey building extends to approximately 1,259 sq ft and sits on a modest plot with a small private courtyard and direct street frontage.
The structure has high internal ceilings and an open-plan layout, making it immediately useful for continued commercial Class E uses or as a workspace. There is explicit scope, subject to planning, to add a second storey and convert the site into up to four self-contained flats, which makes the plot appealing to small-scale developers. Transport links, local shops and community amenities are all within easy walking distance.
Buyers should note the property is a former car repair centre and is currently in worn/derelict condition with graffiti and general cosmetic and structural wear. The footprint and narrow external yard impose constraints on large-scale redevelopment and on-site parking or turning is limited. No planning consent has been granted; any residential conversion or extension will require the necessary approvals (STPP).
At the advertised guide price, the building suits purchasers seeking an affordable freehold entry into Penge with immediate commercial use or speculative conversion potential. Assessments for planning, remediation, and any structural works are recommended before exchange.
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