The Cut |
£1,500,000 |
A rare opportunity to purchase a mixed use freehold terraced house, comprising of a shop on street level and an independant 3 bedroom maisonette witha private south facing roof terrace on the 1st and 2nd floors.
The Cut is a well known street for its shops, cafes, restaurants and bars and famous for its theatres in one of the most central locations in SE1, and has become even more popular since its pedestrianization in 2022, giving the area a far more continental atmosphere in this most sought after area.
Located 2 minutes from Southwark station, 4 minutes from Waterloo and 5 minutes from London Blackfriars on the river.
The 3 bedroom maisonette is currently tenanted under an AST agreement (Assured Sorthold Tenancy agreement) for a period of 1 year. The lease expires on the 26th August 2024. The estimated rent for the year 2024-25 is estimated at £43,000.
The proposed rent for the commercial space is estmated at £40,000 per annum for a 15 year lease with 5 year rent reviews. This provides a proposed potential income of £83,000 per annum.
Viewing by appointment
| Sole Agent | |
| Contract Type: | Freehold |
| Price: | £1,500,000 (Subject to Contract) |