Ladywell Road, London, SE13
- PROPERTY TYPE
Mixed Use
- SIZE
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Key features
- Mixed-use unbroken freehold building.
- Located adjacent to Ladywell Train Station.
- Arranged as a commercial unit over ground floor, and a large self-contained flat across the upper floors.
- The flat benefits from lapsed planning consent to extend/convert into two self-contained flats.
- Both commercial and residential units are separately let, currently producing £40,200 PA in total (although this will shortly increase).
- OIEO: £650,000 F/H.
Description
Commercial Unit
The ground floor commercial unit measures circa 800 sqft and comprises Sui Generis use class. The unit is let to a private individual operating a hot food takeaway business (t/a "The Posh Fish Shop - Ladywell"). The lease commenced in 2016 for a term of 20 years (thus having approximately 12 years un-expired). The passing rent is £18,000 per annum, although there is an open market upward only rent review in September 2024, and the tenants understand there will be an increase. There are no break options included in the lease, and it is within the 1954 Landlord & Tenant Act. As for the unit itself, Business Rates are not payable, and the accommodation has recently been fully refurbished by the tenant (including a built-in commercial kitchen with extraction).
Flat
The flat is self-contained being accessed from the side of the building via a gated courtyard (which is included within the freehold title). Arranged over first and second floors, the unit measures circa 950 sqft, and is arranged to include: two bedrooms, a separate dining room & living room, a kitchen, and a bathroom. The property is currently let to private tenants on an Assured Shorthold Tenancy (AST). The passing rent is £1,850 PCM (£22,200 PA), and the tenancy agreement expired in June 2024 (therefore the tenants are 'holding over'). The accommodation is in reasonable condition throughout.
Brochures
Brochure 1Ladywell Road, London, SE13
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ladywell Station0.0 miles
- Lewisham Station0.7 miles
- Crofton Park Station0.7 miles
About the agent
Established in 1984 as a single, independent estate agency, The Acorn Group, which incorporates Acorn, Langford Russell and John Payne, now spans 40 offices throughout South London, Kent, and Medway. Our highly skilled team is dedicated to providing tailored services to all our clients. We cover a comprehensive range of property services including financial services, chartered surveyors, property management, lease extensions and more.
Industry affiliations
![National Association of Estate Agents](https://media.rightmove.co.uk/dir/customer/industry-affiliation/national-association-of-estate-agents_max_135x100.png)
![Ombudsman for REsale Estate Agents (no OFT logo)](https://media.rightmove.co.uk/dir/customer/industry-affiliation/ombudsman-for-resale-estate-agent_max_135x100.png)
![Association of Residential Letting Agents](https://media.rightmove.co.uk/dir/customer/industry-affiliation/association-of-residential-lettings-agent_max_135x100.png)
Notes
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