Property Information
Address:
118 Burnt Ash Road, London
, SE12 8PU
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH679704
Property Ref/Agent: 789
*Please use the agent ref when calling the agent directly.
Property description
A 4 storey Victorian building arranged as commercial space on the ground floor plus 2 self-contained flats, both sold on leases.
The ground floor is let to Conran Estates, (part of the Dexters Group of estate agents) paying a very low rent of £13,500 pa subject to review in January 2025.
The 2 flats have been sold on leases, the upper flat having some 58 years unexpired and the basement flat 117 years.
Section 5 Notices served and expired.
Commercial lease, inside the Act for 15 years from 9th January 2020 at £13,500 pa with 5 yearly rent reviews and breaks
Significant rental growth in 2025
Strong commercial tenant
99 year lease on upper flat (118a) from 24th June 1982 therefore having some 58 years unexpired.
£50 pa ground rent rising every 33 years
Potential income from lease extension
125 year lease on basement flat (118b) from 25th March 2015 therefore having some 117 years unexpired. £250 pa ground rent rising every 40 years
FOR SALE FREEHOLD INVESTMENT
GROUND FLOOR OFFICE
LET TO CONRAN ESTATE AGENTS (PART OF THE DEXTERS GROUP)
PLUS 2 SELF-CONTAINED FLATS
POTENTIAL FOR LEASE EXTENSION
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