SE20 85 Penge Road, Penge, London

The property comprises a freehold, income-producing investment arranged over basement, ground, first and second floors. At ground floor level, there are two self-contained commercial units, both let on commercial leases. One unit is occupied by an takeaway operator, whilst the other is occupied by an office user.

There is a basement, accessed from both the front and rear of the property, which has not been formally demised within the current leases. To the rear is a substantial yard which has been solely demised to 85 Penge Road, providing additional external space with potential for a variety of ancillary uses, subject to the relevant consents.

The upper parts comprise two self-contained residential flats, both of which have been sold off on long leasehold interests.

The passing commercial rents are, in our view, reversionary, presenting an opportunity for future rental growth through proactive asset management. This offers investors the potential to enhance the property's income profile and improve overall returns over time.

The property occupies a prominent position on Penge Road (A234), a well-established thoroughfare linking Penge with Anerley and central Croydon. The surrounding area comprises a mix of independent retailers and residential accommodation. Anerley railway station is within walking distance, offering services to Central London.

The property benefits from its location within a densely populated residential catchment, making it an attractive long-term investment with resilient occupational demand from local businesses. Penge Road is a bus route and is visible from passing vehicular traffic which is particularly heavy during rush hour periods.