Lot Details

221 Rye Lane, Peckham, London, SE15 4TP

Guide Price*
£395,000+

  • A Vacant Freehold Single Story Commercial Shop Offered With Potential Build a Five Storey Hotel (Subject to Obtaining All Relevant Consents)

Description

The property comprises a single story commercial shop situated on a busy mixed use paraded, offered with the potential build a five storey 11 room hotel. (Subject to Obtaining All Relevant Consents). The property was previously leased to Tasty African Restaurant Limited for £30,000 per annum.

We have been advised that there is further income potential by way of 'pop up' advertising on the hoarding whilst under development currently offering £26,000 per annum. Potential for re letting during development with a combined ERV of £56,000 per Annum.

Ground Floor
Single Story Retail Unit
The property is located in a popular mixed use area with nearby multiples within close proximity. Transport links are provided by Peckham Rye rail station.
Freehold

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Agreement Documents

Additional Documents

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