Thurston Point Thurston Rd 3 Unit Apartment Building £12,060,000 (£4,020,000/Unit) 5.76% Net Initial Yield London SE13 7SD

Thurston Point presents a long-income retail investment opportunity in the vibrant Zone 2 location of Lewisham, South East London. This landmark mixed-use development, completed in 2015, features modern retail accommodation totaling approximately 40,849 sq ft with 117 dedicated parking spaces. The property is fully let to strong covenants including Asda and The Gym Group, alongside a local restaurant operator, providing secure and diversified income streams.
The asset delivers a WAULT of approximately 13.5 years unbroken, with all income subject to indexation (RPI) or fixed uplifts. Current contracted rent is £763,198 per annum, scheduled to increase to £869,129 per annum at the next review in July 2026. Held under two long leasehold titles with an unexpired term of roughly 240 years, the property offers exceptional tenure security.
Lewisham is one of London’s most dynamic growth areas, benefiting from rapid residential development, strong transport connectivity, and robust retail demand. The property lies a short walk from Lewisham Station, which provides frequent services to London Bridge, Cannon Street, Canary Wharf, and the West End. Supported by continuing urban regeneration and a densely populated catchment of over 270,000 residents within a 10-minute drive, Thurston Point represents a compelling income-driven investment proposition in a thriving metropolitan location