Trinity Rise, London, SW2
- 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
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 | ||||||
£5,000 Rent per month
£7,600 Estimated Market Rent per month
Trinity Rise, London, SW2
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
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throughout North, North West London, Hertfordshire and Middlesex.
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Notes
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