Income-producing retail and one-bed flat with immediate rental uplift potential.
- Freehold mixed-use building, approximately 648 sq ft total
A mixed-use freehold in Peckham offered to auction — a compact Victorian shop with a one-bedroom flat above. The ground floor is let as retail at £800 pcm (unchanged for 15+ years) and the self-contained first-floor flat returns £1,200 pcm, producing a combined current income of £2,000 pcm. The property totals approximately 648 sq ft and sits on a very small plot on a busy high street.
This is an income-producing opportunity for investors seeking hands-on value-add. Rents are long-standing and there is clear scope to review and modernise both units to increase income. Broadband and mobile connectivity are strong, and the location benefits from Peckham’s ongoing regeneration, nearby amenities and good transport links at Peckham Rye.
Buyers should note material negatives: the area records high crime and is relatively deprived, which may affect tenant demand and insurance costs. The retail rent has not increased for over 15 years, indicating an immediate management or refurbishment requirement. The building is compact with standard ceiling heights and limited external space; any redevelopment potential will need due diligence.
The sale will be conducted online at auction (freehold). Prospective purchasers are advised to download the legal pack, inspect the property, and factor in refurbishment, tenancy documentation and local area considerations before bidding.
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