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For Sale£2,500,000.00

High yielding investment opportunity in Lambeth

Hotels, House, Leisure Property, Licensed & Leisure, Residential
Property type: Hotels, House, Leisure Property, Licensed & Leisure, Residential
Tenure: Investment Opportunity, For Sale Freehold
Price: £2,500,000.00
Location: 73 Lambeth Walk, SE11 6DX
A large prominent mid-terrace, period building arranged over basement, ground to second floor providing 101 bed spaces of dormitory/ hostel accommodation across 13 rooms (Use Class C1).

The site is in a prominent position located on the south side of Lambeth Walk and is approx. a 9 minute walk to Lambeth North Underground Station and a short walk to London Waterloo Overground Railway Station.

The property is currently Let to Richard Gandy for a term of 20 years from 2nd July 2012 with a passing rent of £175,000pa reflecting a net yield of 7.0%. There are approx. 15 years left on the lease.

The property is available freehold subject to the existing tenancy.

Offers in excess of: £2,500,000
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