TYPEGeneral Retail, Mixed Use, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON25th October 2021
An opportunity to purchase a freehold in Sydenham which includes a vacant commercial unit and ground rent income from upper flat.
The commercial unit measures 760 sqft, is laid out over ground and basement floors and is in good condition throughout. The previous occupants ran a hair and beauty salon and benefits from a flexible E class use. There are two off-street car parking spaces to the front, and the basement benefits from outside space and natural light.
The flat is sold on a lease with 66 years unexpired, and is subject to £75/psqft ground rent. We understand the reversionary value to be in the region of £40,000pa.
An opportunity that will likely appeal to owner occupiers looking to set a business in the popular area of Sydenham, also of interest to investors and developers who may look to explore the possible conversion potential (STPP). ( Agency Pilot Software Ref: 30485 )