COMMERCIAL
Walmer Terrace, Plumstead, Greater London, SE18
Guide Price
£400,000
- PROPERTY TYPE
Cafe
- SIZE
Ask agent
Key features
- Investment Opportunity
- Tenanted at £30,000 Per Annum
- Net Yield Roughly 7.5%
- Great Condition working Business
- Long Lease Tenant
- 999 Year Lease
Description
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%, 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 owner 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.
Located in Greater London, Walmer Terrace benefits from excellent connectivity and a vibrant local economy. The area is characterised by a mix of residential and commercial properties, ensuring a steady flow of footfall and a strong customer base for the occupying business. Proximity to transport links, amenities, and a diverse demographic further enhances the appeal and long-term value of this commercial asset. Investors can be confident in the enduring demand for commercial space in such a prime London location.
This is a rare chance to acquire a turn-key investment with a proven track record of income generation. The property requires no immediate works, allowing for a seamless transition of ownership and immediate returns. The combination of a high-yielding tenant, a long and secure lease, and a prime London location makes Walmer Terrace an unmissable opportunity for both seasoned investors and those looking to enter the commercial property market with a strong, stable asset. Early viewing is highly recommended to fully appreciate the value and potential on offer.
Additional Notes
VAT Applicable
Personal Interest Declaration: In accordance with Section 21 of the Estate Agents Act 1979, we declare a personal interest in the property. The vendor is an employee of this estate agency.
Agents Note: We may refer you to recommended providers of ancillary services such as conveyancing, financial services, insurance, and surveying. Referral fees may apply. You are under no obligation to use these services.
AML Disclaimer: Verified ID and proof of funds are required before instructing a sale, along with details of your instructed solicitors.
Energy Performance Certificates
EPC 1Walmer Terrace, Plumstead, Greater London, SE18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Plumstead Station0.0 miles
- Woolwich Station0.7 miles
- Woolwich Arsenal Station0.8 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference KLL_SDC_LFSYCL_710_902448280. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kallars, Sidcup. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.