Elephant and Castle Mixed-Use Freehold, 223-229 Walworth Road
229 Walworth Road, London, SE17 1RL
8,663 sq ft Enquire NowThree adjoining retail units accompanied with three upper floors, comprised of 11 residential apartments.
Summary
- Located in Elephant & Castle, the area is currently undergoing one of London’s largest regeneration projects with over 2,000 new homes constructed in the last decade and a total of 5,000 homes expected to be completed by the end of 2025.
- Situated on the eastern side of Walworth Road, 5 minutes’ walk south from Elephant Park.
- Extremely well-connected location with Elephant and Castle Overground and Underground Stations providing Bakerloo Line, Northern Line and Thameslink services connecting to the City in 6 minutes and the West End in 12 minutes.
- Mixed-use property comprising three retail units (one of which is a double unit) at ground floor and 11 apartments all let on assured shorthold tenancies.
- Total current rent of £394,649.32 per annum
- Approximately 62% of the income is derived from the residential element.
- Vendor has spent over £2 million on a substantial redevelopment involving a partial refurbishment and major rebuild and extension of the original buildings.
- Freehold
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Building - Total Commercial | 3,519 | 326.93 | Available |
| Building - Total Residential | 5,144 | 477.89 | Available |
| Total | 8,663 | 804.82 |
Location
Walworth Road is a well-established High Street located in the London Borough of Southwark, approximately 1.37 miles south west of Bermondsey, 0.6 miles south of Elephant & Castle, 0.9 miles east of Oval and 2 miles north of Brixton.
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Mainline Stations
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Elephant and Castle7 mins
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Vauxhall23 mins
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Waterloo East23 mins
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London Bridge23 mins
Underground Station
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Kennington8 mins
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Elephant and Castle10 mins
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Borough16 mins
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Oval18 mins
Further Information
Price £5,650,000
Rates Payable Upon Enquiry
Description
The subject property comprises three adjoining retail units (one of which is double fronted). Additionally, there are three upper floors comprising 11 residential apartments with access via two entrances on Walworth Road and one via Waleorde Road. The property was the subject of a substantial redevelopment involving a partial rebuild / refurbishment and extension of the original buildings. Since 2015, capital expenditure on the properties has exceeded £2 million.
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