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23a Vicarage Park, London, SE18

PROPERTY TYPE

Block of Apartments

BEDROOMS

8

BATHROOMS

8

SIZE

5,122 sq ft

476 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Portfolio purchase of eight flats
  • Freehold building & Land
  • Development opportunity (STPP)
  • Currently held in company
  • Potential to increase rental yield
  • Walking distance to Woolwich Elizabeth Line Station

Description

The property previously was achieving a strong rental figure and a yield of 5.75%. With updated tenancies, this yield should be able to be increased to 7-10%. The eight flats have been held as an investment portfolio by the current owner who is looking to now sell all the units. Two of the units are currently empty whilst refurbishment work is carried out between tenancies and the third empty unit is about to have a new tenancy start.

The property also offers a potential development site to the rear. As this land could be developed subject to the usual planning approvals. The building is listed and has been split into nine flats with one being sold off on a long lease.

Woolwich is a thriving part of Southeast London currently undergoing massive redevelopment and regeneration thanks to the arrival of the Elizabeth Line giving direct access to Tottenham Court Road and Paddington in around 20 minutes. There is access from Woolwich Arsenal Station providing Docklands Light Railway (DLR) and Overground options with access to London Bridge. The River Thames is with within walking distance and the open green spaces of Greenwich Park.

Energy performance certificate - ask agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: TBC

23a Vicarage Park, London, SE18

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Plumstead Station0.4 miles
  • Woolwich Arsenal Station0.6 miles
  • Woolwich Station0.6 miles
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About the agent

Laurels, London & Prime

6,Flitcroft Street, London, WC2H 8DJ

Laurels, London & Prime
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Disclaimer - Property reference RX338368. 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 Laurels, London & Prime. 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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