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Trinity Rise, London, SW2

Offers in Excess of
£1,950,000

£522.09 per sq ft

Business rates & charges may apply

Michael Berman & Co, London
SIZE AVAILABLE

3,735 sq ft

347 sq m

SECTOR

Residential development for sale

Key features

  • The property is within easy reach of Brixton Hill
  • Ideally located on a quiet residential street

Description

LOCATION:
Tulse Hill is in the London Borough of Lambeth in South London. It lies to the south of Brixton, east of Brixton Hill and north of West Norwood and west of West Dulwich. Ideally located on this quiet residential street close to Brockwell Park and all amenities of Herne Hill. The property is within easy reach of Brixton Hill which offers a good selection of shops, bars and restaurants. Herne Hill and Tulse Hill Stations are both close by.

DESCRIPTION:
Comprises a substantial end of terrace house divided to form a 3 bedroom garden flat together with 4 x 2 bedroom flats on ground and 3 upper floors. There is forecourt parking for upward of 3 cars. All flats are held on ASTs (4 holding over) and are currently producing a combined income of £5,000 per month (£60,000 per annum). The rentals are considered low with a current estimated rental value of £7,600 per month (£91,200 per annum). A tenancy and accommodation schedule is attached. All the flats are in need of modernisation. There is considerable opportunity to increase the income, redecorate/reconfigure and potential to carry out rear extension, balconies etc. The break-up value is circa £2.6m +.

PRICE:
Offers invited in excess of £1.95 million for the benefit of the freehold interest.

EPC:
Flats 1/2/3/4 Rating D
Flat 5 Rating E

VIEWING:
Strictly by appointment through sole agents as above.

ACCOMMODATION & TENANCY SCHEDULE:
Unit  Description  Area (sq. ft.) approx.  Lease Start  Rent per month  Estimated Market Rent per month
          
Garden Flat 1  3-bed, lounge, kitchen, bath/WC, separate shower/WC  969 sq ft  03-Sep-12  £1,100.00  £1,800
Flat 2  2-bed, open-plan lounge/ kitchen, bath/WC plus separate shower/WC  764 sq ft  21-Jul-12  £900.00  £1,500
Flat 3  2-bed, open-plan lounge/ kitchen, bath/WC  603 sq ft  07-Jan-14  £1,000.00  £1,500
Flat 4  2-bed, open-plan lounge/ kitchen, bath/WC  646 sq ft  14-May-13  £1,200.00  £1,500
Flat 5  2-bed, open-plan lounge/ kitchen, bath/WC plus separate shower/WC  753 sq ft  07-Feb-11  £800.00  £1,300
          
TOTAL:
£5,000 Rent per month
£7,600 Estimated Market Rent per month

Trinity Rise, London, SW2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tulse Hill Station0.4 miles
  • Herne Hill Station0.5 miles
  • West Dulwich Station0.8 miles

About Michael Berman & Co, London

1 Bedford Road, East Finchley, London, N2 9DB

Michael Berman & Co, London

As leading independent North London commercial agents, we have considerable experience and knowledge of commercial property

throughout North, North West London, Hertfordshire and Middlesex.

We provide a fully comprehensive service from initial advice on value

to pro-active marketing.

More properties from Michael Berman & Co, London

Notes

These notes are private, only you can see them.

Disclaimer - Property reference Trinity_Rise. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Berman & Co, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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