London SALE: FREEHOLD: RETAIL AND RESIDENTIAL INVESTMENT: 3 MILES SOUTH

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SALE: FREEHOLD: RETAIL AND RESIDENTIAL INVESTMENT: 3 MILES SOUTH

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SALE: FREEHOLD: RETAIL AND RESIDENTIAL INVESTMENT: 3 MILES SOUTH
Page Views: 481
Date Added: 18/10/2016
Last Updated: 18/10/2016

Price : 257700

Type : RETAIL

For Sale or Rent : Sale


City : LONDON

County : UK

Country : UK

Postcode :

View Map : Click Here


Contact Person : ABDULA

Phone :

Ad ID : 2650393

Contact : Reply to Ad



SALE: FREEHOLD: RETAIL AND RESIDENTIAL INVESTMENT: 3 MILES SOUTH - LONDON, UK

£257,700.00 SALE PRICE
£11,600.00 PER ANNUM RENTAL
4.5% RETURN
FREEHOLD RETAIL (ESTATE AGENT) AND RESIDENTIAL GROUND RENT INVESTMENT. SHOP REVERSION 2020 AT £11,600 PER ANNUM.
THE PROPERTY IS ARRANGED ON GROUND AND TWO UPPER FLOORS TO PROVIDE A GROUND FLOOR SHOP CURRENTLY TRADING AS AN ESTATE AGENTS WITH RESIDENTIAL ACCOMODATION ABOVE ACCESSED FROM THE FRONT. THE RESIDENTIAL ACCOMODATION HAS BEEN SOLD OFF ON A LONG LEASE.
RESIDENTIAL ACCOMODATION FOR 99 YEARS FROM 24/06/1988 AT £100 PER ANNUM, RISING BY £100 EVERY 33 YEARS. INCREASES TO £200 IN 2021. 
ADDITIONAL VALUE AVAILABLE IN THE RESIDENTIAL ACCOMODATION AS BANKS DO NOT GENERALLY LEND LESS THAN 70 YEARS. A PREMIUM AT THE ADVANTAGE OF THE LANDLORD COULD BE AVAILABLE WHEN THE RESIDENTIAL ACCOMODATION TENANT REQUIRES AN EXTENSION TO HIS LEASE.

LOCATION: 15 JOHN RUSKIN STREET, CAMBERWELL, LONDON, SE5 0NS.


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