Guide price
£1,100,000
Property for sale71 Rosendale Road, West Dulwich, London SE21
About this property
Mixed-use investment for sale
Comprising commercial plus 2 flats
Commercial unit let at £45,000 pa
2 flats let on AST's at £34,200 pa
Asset Management with development potential (stpp)
Guide price: £1,100,000 F/H (gross yield 7.18%)
An opportunity to purchase a freehold mixed-use property with ground floor commercial and two flats above all let and producing a total income of £79,200pa.
The site is occupied by a 4 storey front period building with a forecourt to the front and side plus a single storey warehouse to the rear.
The lower ground floor of the front building provides offices and WC facilities which along with the forecourt and rear warehouse which are all included in the commercial lease let to auto repairs and mot business 'West Dulwich Service Station Ltd' () at a current rent of £45,000pa. The original lease began in 2013. The current lease runs for 10 years from 1st July 2020 until 30th June 2030 so 4.5 years remaining. There is an automatic rent review in June 2028 taking the rent to £48,000pa.
The upper ground, first, and second floors of the front building contain two recently refurbished residential flats letting on separate ASTs
providing £34,200pa.
The site is occupied by a 4 storey front period building with a forecourt to the front and side plus a single storey warehouse to the rear.
The lower ground floor of the front building provides offices and WC facilities which along with the forecourt and rear warehouse which are all included in the commercial lease let to auto repairs and mot business 'West Dulwich Service Station Ltd' () at a current rent of £45,000pa. The original lease began in 2013. The current lease runs for 10 years from 1st July 2020 until 30th June 2030 so 4.5 years remaining. There is an automatic rent review in June 2028 taking the rent to £48,000pa.
The upper ground, first, and second floors of the front building contain two recently refurbished residential flats letting on separate ASTs
providing £34,200pa.
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Monthly repayment
£5,502 per month
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