Guide price
£395,000
Property for sale65 Ennersdale Road, Hither Green, London SE13
About this property
Mixed-Use Period Building.
1x Commercial Unit & 1x Residential Flat.
Fully Let at £26,200pa.
Erv is c.£30,000 per annum.
Hither Green Station only 0.2 Miles Away.
Guide Price - £395,000.
A unique opportunity to acquire this 2-storey mid terrace mixed-use period building, comprising a c.61sqm (c.657sqft) ground floor café/take-away currently let at £13,000pa (c.£20 p/sqft) and a first floor 1-bedroom flat with its own private street entrance, sized at c.52sqm (c.559sqft) currently let at £13,200pa (£1100pcm). In terms of the erv, we feel the commercial unit is let at the right level of rent with the flat potentially being let below the market value, as we would expect the value to range between c.£1300/£1400pcm (c.£15,600/£16,800pa). The commercial lease renews in February 2032, with the assured shorthold tenancy on the flat currently holding over on a rolling contract.
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Monthly repayment
£1,975 per month
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