Kennington Road, Kennington, London, SE11

Property Details: - Type: Flat - Bedrooms: 4 - Bathrooms: 3

Agent: Kinleigh Folkard & Hayward - Kennington Sales Phone: 020 8033 2458

An exceptional mixed-use freehold opportunity on Kennington Road, ideally positioned within Zone 1 and offering significant potential for investors seeking both commercial income and residential upside.<br/>The building comprises three self-contained residential apartments arranged over the upper floors, alongside a commercial unit on the ground floor. The commercial space benefits from strong street presence, making it well-suited to a variety of business uses, and is further complemented by a useful storage room and private outside space to the rear and outside area in the front of the property be used for both parking or as a seating area.<br/><br/>The residential accommodation provides scope for refurbishment, rental optimisation, or resale, while the commercial element offers the opportunity to secure a steady income stream or reposition for enhanced returns.<br/><br/> Amazing investment opportunity:<br/><br/>Mixed-use investment: shop + 3 flats <br/>Total income: ~£100,000 per annum <br/>Flats income: ~£70,000 per annum <br/>Shop income: Potential £30,000 per annum (currently vacant) <br/>Strong income-producing asset with immediate cash flow <br/>Fully tenanted residential element (3 units)<br/><br/>This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).<br/>If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.<br/><br/>The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £9,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.<br/><br/>Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.<br/><br/>