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Agent's details

271 Portland Road

For sale: £800,000.00|Other, Mixed Use, Residential, Other Property Types & Opportunities

Property details

FOR SALE£800,000.00
ADDRESS271 Portland Road, London, SE25 4XB
TYPEOther, Mixed Use, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th October 2024

Description

The property comprises a high yielding, fully let, mixed use investment situated on a popular high footfall street.

Arranged across ground, first and second floors, the property comprises a retail unit to the ground floor which is let on a recently renewed lease expiring 03/10/2034 and producing £10,000 per annum.

To the rear, there is a residential unit with three ensuite letting rooms. These rooms are let individually to separate tenants with a shared kitchen.

The upper parts comprise an HMO with a further six units which are all individually let. Each unit benefits from an ensuite and kitchenette and there are a further two shared kitchens.

The total aggregate rent is therefore £111,671 per annum. The majority of the residential units have recently seen rental increases to £950 PCM however several units still offer asset management potential.

Portland Road is a busy arterial route benefitting from high footfall. The area is characterised by both commercial and residential uses with a mix of local and national retailers, terraced houses and flats.

Location

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Location: 271 Portland Road, London, SE25 4XB

Tooting Broadway (5.0 miles)

Tooting Bec (5.1 miles)

Balham (5.1 miles)

Norwood Junction (0.5 miles)

Elmers End (0.8 miles)

Birkbeck (0.8 miles)

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