Residential Development Sold
Whozoo is pleased to announce the successful sale of this mixed-use commercial property, offering an exceptional opportunity in a highly desirable location.
62 Hatcham Road was a new build development featuring four ground floor commercial units, which were offered as shell and core from January 2022. The units varied in size, ranging between 1,506-2,514 sqft, and were designed to accommodate modern amenities and private entrances, ensuring a comfortable and functional work environment.
The property was made available under a 250-year lease for purchase or on a fixed 10-year lease for rental, with a 5-year rent review clause to provide flexibility and stability for potential buyers or tenants.
The commercial units were designated for Use Class B1C (Light Industrial); however, we believed the space held potential for other uses, such as Offices, Medical Centres, Indoor Recreation (Gyms), Nurseries, and Restaurants, subject to obtaining the necessary planning permission. This added versatility and scope for businesses to tailor the space to their specific needs and requirements.
The sale of this mixed-use commercial property presented an outstanding opportunity for investors and businesses looking to establish a presence in a highly sought-after location, with a range of potential uses and long-term lease options available.
The site is situated in the London Borough of Southwark. Old Kent Road sits 0.5 miles south from the property which offers direct connectivity to Elephant & Castle, New Cross and rest of South East London via the A2. The nearby roads provide links to London City Airport within 25 minutes.
While this mixed-use commercial property has now been sold, we remain committed to assisting you with any future real estate inquiries or opportunities that may align with your requirements and should you have any further questions or need any assistance, please feel free to reach out. We are here to help, just give us a call on 033 3200 8330
Tenure: Freehold
No EPC available for this property
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