Guide price
£425,000
(£343.30/sq. ft)
Block of flats for saleSherwood Park Road, Sutton SM1
1,238 sq. ft
About this property
An opportunity to acquire an income producing residential investment comprising 2 self-contained flats.
The property is located 0.4 miles from West Sutton (Thameslink) Station and 0.6 miles from Sutton Station, which provides direct access to London Bridge in 33 minutes.
Arranged as 1 x 1 bed and 1 x 2 bed.
Measuring 1,238 sq ft NIA.
The property is fully let producing a rent of £26,400 per annum.
Potential to increase the rents with an Estimated Rental Value of £36,000 per annum.
Being sold at a significant discount to the breakup value.
Flat 3 is sold off - 189 years from and including 24th June 1988.
Potential to add value through subdivision of Flat 1 and/or rear extension STPP.
Freehold.
Guide Price - £425,000 + (Four Hundred and Twenty Five Thousand Pounds) subject to
contract, which reflects a Reversionary Yield of 8.47% and a low capital value of £343 psf
based off the NIA.
The property is located 0.4 miles from West Sutton (Thameslink) Station and 0.6 miles from Sutton Station, which provides direct access to London Bridge in 33 minutes.
Arranged as 1 x 1 bed and 1 x 2 bed.
Measuring 1,238 sq ft NIA.
The property is fully let producing a rent of £26,400 per annum.
Potential to increase the rents with an Estimated Rental Value of £36,000 per annum.
Being sold at a significant discount to the breakup value.
Flat 3 is sold off - 189 years from and including 24th June 1988.
Potential to add value through subdivision of Flat 1 and/or rear extension STPP.
Freehold.
Guide Price - £425,000 + (Four Hundred and Twenty Five Thousand Pounds) subject to
contract, which reflects a Reversionary Yield of 8.47% and a low capital value of £343 psf
based off the NIA.
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