GF RETAIL 48.33 SQ M (520 SQ FT)The property comprises an attractive end-terrace four storey mixed use building. The ground floor commercial unit is currently trading as a locksmiths, and benefits from a large return frontage, double glazing, wooden flooring, electric shutters, air-conditioning, emergency lighting, smoke detector, separate office, kitchenette, WC, and a small rear yard. The ground floor commercial space is being offered subject to vacant possession; offering the potential for residential conversion (STPP) which will present the opportunity for developers and investors alike to add value. The upper floors are also comprised of three self-contained flats which have their own access located on Jarius Road. The flats have been sold off on long leases generating an annual ground rent of £550pa.
The property is prominently located on the northern side of Melbourne Grove, at its junction on Jarius Road. East Dulwich railway station is within walking distance, which provides regular services to Central London and the South East (London Bridge 15mins). Numerous buses also serve the locality. East Dulwich has recently undergone a large regeneration and is a highly sought after area that attracts a high number of visitors. Lordship Lane is also located 0.3 miles to the west providing an excellent mix of amenities including independent retailers, boutiques, restaurants and bars.
The property has the following approximate net internal areas: Ground Floor Ground Floor Retail: 40.98 sq m (441 sq ft) Office: 7.35 sq m (79 sq ft) Rear Yard: 4.09 sq m (44 sq ft) WC Total Accommodation: 48.33 sq m (520 sq ft) (Excluding rear yard) Additionally, there are three self-contained flats sold off on long leaseholds that are generating a ground rent (amount upon application).
The property is available Freehold with the benefit of ground rents.
The property is entered in the 2017 rating list with a rateable value of £13,250. For further information on business rates including relief which could be applicable, visit www.gov.uk/calculate-your-business-rates.
We assume that the property benefits from A1 planning consent on the ground floor.
Guide price £325,000
Each party will pay their own legal fees.
VAT is chargeable on this property.
For more information, or to arrange a viewing please contact Hindwoods on 0208 858 9303. Charlene Nicholls: email@example.com
These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form any part of any contract. Hindwoods and its employees have no authority to make any representation or give any warranty in relation to this property.