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Lee High Road, London, SE13

Guide Price
£650,000

£348.53 per sq ft

Business rates & charges may apply

Dexters Development & Investment, South London
SIZE AVAILABLE

1,865 sq ft

173 sq m

SECTOR

Mixed use property for sale

Flat A - Floor PlanFlat B - Floor Plan
4

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

Dexters are delighted to introduce a fully let "turnkey" investment opportunity, located on Lee High Road, London SE13.

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)

Energy Performance Certificates

Shop - EPCFlat A - EPCFlat B - EPCFlat C - EPC

Brochures

Lee High Road, London, SE13

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lewisham Station0.4 miles
  • Ladywell Station0.7 miles
  • Hither Green Station0.7 miles

About Dexters Development & Investment, South London

Dexters Wimbledon, 12 The Broadway London SW19 1RF

London covered

Our dedicated team of specialists have a well-established track record of achieving clients more than the market value for land, development and investment projects across the capital. Members of RICS, our qualified chartered surveyors uphold their reputation for integrity and professionalism.

Based in one of the Dexters ‘Centres of Excellence, our experts focus solely on development services for clients including Croudace Homes, Barratt Homes, Berkeley Group, Crest Nicholson, Metropolitan Housing, Henley Homes and Ballymore Group.

Landowner support

We guide land and property owners on the development potential of their assets and can help every step of the way through the planning minefield whilst providing guidance on the type of development you are likely to achieve. Working with our third-party planning and design team we can help you to visualise the concept, and assess the costs to build and value the end asset.

Land disposal

We can advise on the value of land, and explore development opportunities. Once we have assessed both the current value and the development value we can guide you on the best route to market.

Land acquisition

Our expert teams deal with development sites that are on the market, along with those that are being marketed “off market” and low-key.. If you are looking to invest or develop in these types of projects we can help source suitable opportunities, assess their future value and ultimately help you to acquire them.

Investment acquisition / disposal

We acquire and sell all types of investment assets from portfolio sales, whole block pre-sales, HMO's and mixed use (residential/commercial) Freeholds in the High Street. Whether you are looking to buy or sell an investment property we can help with valuations, comparable evidence, finding tenants, full management and block management..

New Homes sales & marketing

Whether in London or overseas, we can advise developers and housing associations on the unit mix, pricing, legislation, finance and buyer profiles.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 84LeeHighRoad. 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.

Map data ©OpenStreetMap contributors.

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