Property Information
Address:
25-31 Avery Hill Road, London
, SE9 2BD
Price: Property no longer available.
Size: 2562 sq ft238 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH661334
Property Ref/Agent: 29987
*Please use the agent ref when calling the agent directly.
Property description
A rare opportunity to acquire an unbroken freehold mixed-use block which is fully let in the popular South East London suburb of New Eltham.
The subject property comprises four commercial units all fully let to A5 takeaway tenants; undoubtedly the most sought-after commercial use in London as well as 2 flats (2 two bedroom flats) across the first floor. One of the two bedroom flats are let on AST’s, whilst the remaining two bedroom flat is wrapped in a commercial lease (which currently has a rent review outstanding). The property is fully let and currently produces £69,500 per annum in total.
The property offers potential buyers with potential to add one or two additional storeys, potential to increase the rent on the wrapped lease via an outstanding rent review as well as potential to actively manage and increase the rents in the other units over time. The eventual ERV for the block is £81,200.
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