Residential & Retail Investment Opportunity Located Within The Elephant & Castle Regeneration

Summary

• Located in Elephant & Castle, the area is currently undergoing one of London’s largest regeneration projects.
• Situated on the eastern side of Walworth Road, 5 minutes’ walk south from Elephant Park.
• Mixed-use property comprising three retail units (one of which is a double unit) at ground floor and 11 apartments all let on assured shorthold tenancies.
• Approximately 62% of the income is derived from the residential element.
• Vendor has spent over £2 million on a substantial redevelopment involving a partial refurbishment and major rebuild and extension of the original buildings.
• Freehold.
• Offers in excess of £5,150,000 subject to contract, VAT is not applicable.
• A purchase at this level reflects a net initial yield of c.7% on the commercial element and a capital value of £600 psf on the residential upper floors.