Video tour availble An excellent investment opportunity for a mixed use commercial residential unit in the heart of Birchgrove. The unit is set over two floors and offers circa 2000sq/ft of internal space. The site had previously be running as launderette having taken the whole building at £17,000 per annum, generating a 7% yield for the current owner.
The property is in need of further development and is ideal for a two bedroom apartment to the first floor (sstp) with ample space on the ground floor for a large commercial unit.
Subject to a two bedroom flat and a large commercial unit to the ground floor, an increased rent of £30,000 per annum would be achievable.
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