Lee High Road, London, SE13
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- SIZE
1,865 sq ft
173 sq m
- TENUREDescribes 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
- Freehold investment opportunity
- Unbroken freehold
- Fully let "turnkey" investment
- Commercial unit plus 3 self-contained flats
- Total Gross Rental Income is £52,800 per annum
- Located within the London Borough of Lewisham
Description
Located within the London Borough of Lewisham, the property is ideally located on Lee High Road, a busy high street including tenants such as Lidl and Nandos.
The property is popular with both students and young professionals given the proximity to the City of London, Canary Wharf and Goldsmiths University.
The sale is for the unbroken freehold title featuring a commercial unit (Use Class E) plus three self-contained residential flats.
The retail unit occupies the ground floor and has a total area of approximately 51.5 sq.m. (554 sq .ft.). The unit is currently leased to M.Y Hair Lounge on a 10-year lease which commenced in December 2019. The current Gross Rental Income is £1,200 pcm / £14,400 pa.
Flat A is a studio apartment located on the first floor with a total area of approximately 29.6 sq.m. (319 sq. ft.) The current Gross Rental Income is £1,200 pcm / £14,400 pa.
Flat B is a studio apartment located on the ground floor with access to a private garden. Total area of approximately 36.2 sq.m. (390 sq. ft.) The current Gross Rental Income is £1,000 pcm / £12,000 pa.
Flat C is a one-bedroom split level flat located over the second and third floors with a Total Area of approximately 56.0 sq.m. (603 sq. ft.) The current Gross Rental Income is £1,000 pcm / £12,000 pa.
Income
Combined Gross Rental Income £4,400 pcm / £52,800 pa (Gross Yield 8.12% based upon the Guide Price)
Brochures
Brochure- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Lee High Road, London, SE13
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About Dexters Development & Investment, South London
Dexters Wimbledon, 12 The Broadway London SW19 1RFYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference 84LeeHighRoad2. 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 Dexters Development & Investment, South 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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