Summary - 74b Plumstead High Street SE18 1SL
1 bed 3 bath Commercial Property
Two long‑let shops with established income and low service costs.
Two commercial units, producing £38,500 pa rental income
This is a two-unit commercial investment on Plumstead High Street with long leases in place and immediate rental income. Together the units produce £38,500 per year, giving an estimated net rental yield of about 6.5% at the asking price. The split-level main unit (large open-plan space across two floors) and a separately-let 551 sq ft ground-floor hair salon benefit from strong street exposure and regular footfall.
Practical running costs are modest: a long 999-year lease, low annual service charge (£850) and a nominal ground rent. The buildings are traditional solid-brick construction (circa 1900–1929) with double glazing reported and mains gas boiler heating. Public transport links and local amenities are close by, supporting demand from local retail and service operators.
Buyers should note material considerations honestly: VAT is applicable on the sale; the local area shows high crime levels and high deprivation, which can affect tenant mix and yield stability. The property’s age and solid-wall construction mean external or internal insulation upgrades could be required for long-term running-cost improvements. Some finish and service-condition details (glazing install date, full electrical condition) are unknown and may need surveying.
This asset suits investors seeking immediate income from established tenants and a long leasehold title, while accepting locality risks and potential refurbishment work to enhance capital performance. VAT, the social profile of the area and condition items are the main practical factors to evaluate before purchase.
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