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18-30 Norman Rd 3,106 sq ft Retail Unit Offered at £900,000 in London SE10 9QX
Investment Highlights
- Prominently located on the Northern side of Norman Road
- Mixed-use development comprising of around 85 apartments
- Excellent natural light
Executive Summary
The property comprises a mixed use building providing residential space over ground and five upper floors and office accommodation on the ground floor with mezzanine. The property is located on Norman Road just off Creek Road. The property has good access to public transport with Cutty Sark and Greenwich Town Stations nearby, in addition to the numerous buses connecting Greenwich with Central London along Creek Road.
1 Unit Available
Unit 2
| Unit Size | 3,106 sq ft | Unit Use | Retail |
| Price | £900,000 | Sale Type | Investment |
| Price Per sq ft | £289.76 | Tenure | Freehold |
| Unit Size | 3,106 sq ft |
| Price | £900,000 |
| Price Per sq ft | £289.76 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
Description
Hilton’s Wharf is a mixed-use development comprising of around 85 apartments, above commercial floor space, and 3 live-work units, with the subject premises providing over 3,000 sq ft of high-grade office/retail accommodation. The premises is currently occupied by a specialist gym; and is arranged over ground and mezzanine levels and benefits from good natural light, high ceilings, electricity supply only (no gas), and air-conditioning. The property further features WC facilities and changing rooms, and a partitioned office.
Sale Notes
Virtual Freehold of 999 years from 2017 at a peppercorn rent. Existing leases 10 year full repairing and insuring lease from 1st July 2021, contracted outside of the Landlord and Tenant Act 1954. The current passing rent is £50,000 per annum, but there is an upcoming rent review 1st July 2026. This is a great investment opportunity for someone seeking to add value.
Property Facts
| Total Property Size | 73,710 sq ft | Floors | 6 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 2,970 sq ft |
| Property Subtype | Apartment | Year Built | 2016 |
| Costar Property Class | C | Total Plot Size | 2.04 ac |
| Total Property Size | 73,710 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | C |
| Floors | 6 |
| Typical Floor Size | 2,970 sq ft |
| Year Built | 2016 |
| Total Plot Size | 2.04 ac |
Amenities
- Smoke Detector
Presented by
18-30 Norman Rd
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