icons_size_white icons_size
menu

Agent's details

London SE13 - Freehold Residential Block Investment

For sale: £1,100,000.00|1,836 Sq Ft|Residential

Property details

FOR SALE£1,100,000.00
SIZE1,836 Sq Ft
ADDRESS238 Lee High Road, Lewisham, London SE13 5PL
TYPEResidential
TENUREFor Sale Freehold
POSTED ON10th April 2022

Description

Investment Consideration:
Gross Initial Yield: 4.28%
Rental Income: £47,100 p.a.
Comprises 3 x 1-Bedroom flats arranged over three floors.
All flats refurbished to a high standard in 2019
Total area size of 170 sq m (1,836 sq ft)
VAT is NOT applicable to this property
Located in predominantly residential area within 4 minute bus ride to Lewisham station which provides access to London Bridge in 30 mins.
Nearby occupiers include Marks & Spencer, BP, Pharmacy, Convenience store and a number of restaurant/takeaway`s

Property Description:
The property comprises 3 x 1-Bedroom flats arranged over ground, first and second floor. Flats have been refurbished to a high quality standard in 2019. Flat C benefits from private garden at rear. Flat A benefits from private courtyard at rear.

The property provides the following accommodation and dimensions:
Ground/First Floor: Flat A - 57 sq m (614 sq ft)
Open plan kitchen/living room, Bedroom, Bathroom/WC, Rear Courtyard
First/Second Floor: Flat B - 65 sq m (705 sq ft)
Open plan kitchen/living room, Bedroom, Bathroom/WC
Ground Floor: Flat C - 48 sq m (517 sq ft)
Open plan kitchen/living room, Bedroom, Bathroom/WC, Rear Garden

Tenancy:
Flat A is at present let on an AST to an Individual for a term of 36 months from 5th October 2021 at a current rent of £16,200 per annum. Deposit held of £1,557.69
Flat B is at present let on an AST to an Individual for a term of 36 months from 31st October 2021 at a current rent of £14,400 per annum. Deposit held of £1,384.62
Flat C is at present let on an AST to an Individual for a term of 12 months from 13th March 2022 at a current rent of £16,500 per annum. Deposit held of £1,528.85

Location:
Lewisham is a London borough in South London. Lewisham's commercial area is one of the largest in south-east London. Lewisham Shopping Centre opened in 1977, has 70 stores and is over 330,000 square feet. Shops include Marks & Spencer, WH Smith, Sainsbury's, H&M, TK Maxx, JD Sports, SportsDirect, Argos and Boots. The property is located in predominantly residential area within 4 minute bus ride to Lewisham station which provides access to London Bridge and London Waterloo in 30 mins. Nearby occupiers include Marks & Spencer, BP, Pharmacy, Convenience store and a number of restaurant/takeaway`s

Location

marker
Location: 238 Lee High Road, Lewisham, London SE13 5PL

New Cross (1.9 miles)

New Cross Gate (2.1 miles)

North Greenwich (2.9 miles)

Hither Green (0.5 miles)

Blackheath (0.5 miles)

Westcombe Park (0.6 miles)

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