Strettons · 29 Oct 2026 · in 10 days
Freehold mixed-use property comprising three flats and retail unit producing £57,450 p.a. with one vacant flat
388C Old Kent Road, London, Southwark, SE1 5AA · London
LiveMixed-useFreeholdLet
- Guide
- £875,000
- Rent a year
- £57,450
- Yield on the guide
- 6.6%
- Payback
- 15 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- C
- Size
- 2,499 sq ft£22.99 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
C from the government EPC register, lodged 6 May 2023 (certificate 0947-4707-4575-8151-6492). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Strettons' record
Strettons' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold mixed use lot in Southwark. Producing £57,450 a year, a 6.6% gross yield at the guide.
FREEHOLD MIXED-USE PROPERTY COMPRISING THREE FLATS AND RETAIL UNIT PRODUCING £57,450 P.A. WITH ONE VACANT FLAT A substantial four story freehold property comprising a ground floor retail unit and 3x 1 bedroom flats situated on the ground, first and second floors. The property is prominently situated on Old Kent Road, approximately two miles south-east of Central London. The surrounding area provides a wide range of shops, supermarkets, cafés and local amenities, with Burgess Park nearby. Excellent bus services operate along Old Kent Road, providing connections towards Elephant & Castle, London Bridge, Peckham and Central London, while Bermondsey Underground and South Bermondsey railway stations are both approximately 0.9 miles away. Accommodation: Ground Floor: Retail unit with basement; First Floor: One bedroom flat; Second Floor: One bedroom flat; Third Floor: One bedroom flat; Total GIA: 2,499 sq ft (232.1 sq m)
Figures come from Strettons' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.