Guide price
£650,000
(£348.47/sq. ft)
Land for saleLee High Road, London SE13
1,865 sq. ft
About this property
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
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)
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)
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