A mid terrace freehold premise
296 Walworth Road, London, SE17 2TE
£550,000 22 July 2025
GUIDE PRICE AUCTION DATE
Comprising of 1 x lock up shop at ground floor (T/A a barbers) and an additional commercial unit at Grd, Lower Grd, 1st, 2nd and 3rd floors (3rd floor most recently used as residential use). Rear yard with outbuilding (on separate lease). The entire building amounts to an approx. 3,973 sq ft (GIA) Low capital value of £138.43 per sq ft on guide Asset management potential to let the vacant element of the property out (more than 90% of the main premises is currently vacant) Development potential to convert the upper floors into dwellings (subject to the requisite consents) No VAT on the sale price Investment let £12,300 p.a. rising to £13,600 Dec 2025. Part vacant (Vacant space greater than 90% of the main building) Description Click here for virtual tour A mid-terrace property comprised of split commercial unit at ground floor including a lock up shop T/A a barbers, and a former dental practice that has accommodation across ground floor, basement and 3 upper floors, with the top floor most recently used as residential. There is also a rear yard with a number of outbuildings. The property offers asset management potential to let out the vacant space or development potential to convert the upper floors into a number of dwellings (subject to the requisite consents)
296 Walworth Rd, SE17 2TE
Guide Price
£550,000
Auction Date
22 Jul 2025
Time
09:00
Lot
506
Venue
Online
Auctioneer
Savills
Savills
33 Margaret Street, London, W1G 0JD
+44 (0) 7971 990 348
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