icons_size_white icons_size

AGENT'S DETAILS


HIGH YIELDING MIXED USE INVESTMENT OPPORTUNITY

For sale: POA|Retail, Mixed use, Flat, General Retail, Retail - High Street, Other Property Types & Opportunities, Residential

PROPERTY DETAILS

FOR SALEPOA
ADDRESS7 GLOUCESTER PARADE, BLACKFEN ROAD, SIDCUP DA15 8PS
TYPERetail, Mixed use, Flat, General Retail, Retail - High Street, Other Property Types & Opportunities, Residential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON27th July 2020

DESCRIPTION


• An opportunity to acquire a high yielding mixed use investment opportunity to acquire a property arranged across ground, first and second floor, comprising a retail unit (Use Class A1/D1) and a 1 bedroom flat on the ground floor, along with a 3 bedroom HMO arranged across the upper floors.

• The ground floor retail unit extends to approximately 390sqft NIA and is let for a term of 5 years from the 28th April 2017 at a rental income of £13,000 per annum. The lease is excluded from sections 24-28 of the Landlord and Tenant Act 1954.

• The 1 bedroom apartment to the rear of the ground floor extends to approximately 533sqft NSA and is currently producing a rental income of £13,800 per annum. The flat has its own private entrance from the rear of the building.

• The 3 x self-contained studio HMO arranged across the upper floors extends to a total area of approximately 572sqft NSA. We have been advised it produces a rental income of £32,058 per annum (LHA rates). The HMO provides a large communal kitchen on the 1st floor.

• The property is currently producing a combined rental income of approximately £58,858 per annuum.

LOCATION

Location: 7 GLOUCESTER PARADE, BLACKFEN ROAD, SIDCUP DA15 8PS

North Greenwich (6.9 miles)

New Cross (7.2 miles)

New Cross Gate (7.4 miles)

Sidcup (0.6 miles)

Albany Park (0.9 miles)

Bexley (1.8 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here