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389 & 391 New Cross Road 2 Retail Properties Offered at $2,038,958 in London
Investment Highlights
- Within 110 metres of New Cross station
- Central location
- Fordham Park within 150 metres
Executive Summary
This mixed-use investment comprises three retail units and two fully let, split-level two-bedroom flats.
At 389 New Cross Road, there are two vacant retail units of approximately 30.5 sq.m (328 sq.ft) and 94.5 sq.m (1,017 sq.ft), plus a self-contained flat of around 91 sq.m (981 sq.ft) across the first and second floors, accessed via its own entrance. The flat is let on an AST, producing £1,950 per month (£23,400 per annum).
At 391 New Cross Road, a retail unit of about 110.6 sq.m (1,190 sq.ft) spans the basement and ground floor and is let to Square Pizza / Halal Chicken at £3,000 per month (£36,000 per annum). Above, a two-bedroom flat of approximately 109 sq.m (1,173 sq.ft) is let on an AST at £2,000 per month (£24,000 per annum).
There is potential for additional development to the rear of 391 New Cross Road, accessed via Grehan Mews, in line with similar schemes nearby, subject to planning consent.
At 389 New Cross Road, there are two vacant retail units of approximately 30.5 sq.m (328 sq.ft) and 94.5 sq.m (1,017 sq.ft), plus a self-contained flat of around 91 sq.m (981 sq.ft) across the first and second floors, accessed via its own entrance. The flat is let on an AST, producing £1,950 per month (£23,400 per annum).
At 391 New Cross Road, a retail unit of about 110.6 sq.m (1,190 sq.ft) spans the basement and ground floor and is let to Square Pizza / Halal Chicken at £3,000 per month (£36,000 per annum). Above, a two-bedroom flat of approximately 109 sq.m (1,173 sq.ft) is let on an AST at £2,000 per month (£24,000 per annum).
There is potential for additional development to the rear of 391 New Cross Road, accessed via Grehan Mews, in line with similar schemes nearby, subject to planning consent.
Property Facts
| Price | $2,038,958 | Number of Properties | 2 |
| Price / SF | $2,607 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 782 SF |
| Status | Active | Total Land Area | 0.06 AC |
| Price | $2,038,958 |
| Price / SF | $2,607 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 782 SF |
| Total Land Area | 0.06 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 389 New Cross Rd, London SE14 6LA | Retail | 457 SF | 1960 | - |
| 391 New Cross Rd, London SE14 6LA | Retail | 325 SF | 1985 | - |
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389 & 391 New Cross Road
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