346 Kennington Lane Vauxhall SE11

  • Sale Price £625,000
  • Investment,Other
find a mortgage for £625,000





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Type:
  • Investment


Four storey and basement, flat fronted, period property of traditional yellow stock construction arranged as a shop on ground and basement with self-contained upper parts. The shop is occupied as a barbers and is producing £12,000 pa, the upper floors are let as five studio apartments producing a total of £27,300 pa. The building is in the process of registration with Lambeth council in accordance with the HMO regulations. In close proximity to Vauxhall tube and British Rail stations. Current occupiers of Kennington Lane include Tesco, William Hill and Dewsons, the area is enhanced by a number of eateries including Blunt's Dinning Room and Cafe Italia. Trade to the local office worker community is underpinned by the presence of large Governmental office buildings in close proximity. Approx Gross Income £39,300 pa Approx Gross Yield 6.28%

Property reference: MOVCC1097