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Reference M4936

Investment Property in South London for sale

Investment Property in South London for sale

Location
Situated end of parade, main road trading position, residential & commercial area, SE LONDON

Features
Freehold Investment

SPACIOUS SALES SHOP probably in the region of 1,000 sq. ft. operated as a Self Service Convenience Store & Full Free Off Licence.

We understand the ground floor is let on a 25 years full repairing and insuring lease from March, 2015 and currently provides a rental income of 24,000 p.a. for the first 5 years with rent review at that time and thereafter every 5 years.

The Flat above has been sold on a long leasehold we understand having approximately 98 years unexpired and we understand the freeholder is entitled to receive a ground rent of 150 p.a.

Price
ASKING PRICE FOR THE VALUABLE FREEHOLD INVESTMENT 310,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

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