Petrol Stations for sale in the Plumstead, London

Commercial Property in Plumstead available for sale

Retail Properties for Sale Near the Plumstead, London

89 Walmer Ter

London, SE18 7DZ

Retail for Sale
£400,000
6,389 sq ft

Commuter Rail

London Retail for Sale - Plumstead

Discover an outstanding commercial investment opportunity situated in a busy location at the heart of Plumstead High Street, a highly sought-after location within Greater London. This property presents a compelling proposition for discerning investors seeking a stable and lucrative addition to their portfolio, boasting a secure income stream and significant long-term potential. The property is currently let to a well-established and thriving business, generating a substantial income of £30,000 per annum. This attractive rental income translates to an impressive net yield of approximately 7.5%, making it a highly competitive and desirable asset in the current market. The tenant is operating a successful business from the premises, which is maintained in great condition, reflecting a well-managed and cared-for commercial space. This ensures minimal immediate capital expenditure for the new freeholder and provides confidence in the ongoing operational viability of the tenant. One of the most significant advantages of this investment is the security offered by the long lease in place with the current tenant. This provides a predictable and reliable income stream for the foreseeable future, reducing the typical risks associated with commercial property investments. Furthermore, the property benefits from an exceptionally long 999-year lease, offering unparalleled security of tenure. This effectively grants the owner virtual freehold status, eliminating concerns about leasehold depreciation or future ground rent reviews, and making it an incredibly attractive proposition for generational wealth building.