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3 bed maisonette
The Cut, London SE1
£795,000
The Cut, London SE1
£795,000
Our Summary
- The property is in good decorative condition and could do with some updating, although it is presently let on an AST agreement yielding £40,040 per annum, with the option of vacant possession within 2 months of notice being given to the tenants
- The building next door (No 35), has recently been granted planning permission (12/11/24) which can be seen on Southwark council's planning portal, Ref: 23/ap/1883, to build on an additional floor and a rear extension
- Development potential
Description
This 3-bedroom maisonette is a spacious freehold property with an independent entrance, internal stairwell, and a south-facing roof terrace. Although it could benefit from some updating, it is currently let on an AST agreement, generating £40,040 per annum, with the option of vacant possession within two months of notice. The property is situated on The Cut, a lively street with a mix of shops, cafes, restaurants, and theatres, just a minute's walk from Southwark station and three minutes from Waterloo. Additionally, the neighboring property (No 35) has recently received planning permission to add an extra floor and rear extension, which could potentially increase the value of the property.