Block of flats for sale in Lee High Road, Lewisham SE13

Fixed price £1,100,000 (£599.13/sq. ft)
Block of flats for sale 1,836 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Freehold Residential Block Investment
  • Comprises 3 x 1-Bedroom flats arranged over three floors.
  • All flats refurbished to a high standard in 2019
  • Total area size of 170 sq m (1,836 sq ft)
  • VAT is not applicable to this property
  • Located within 4 minute bus ride to Lewisham Train Station
  • Nearby occupiers include Marks & Spencer, bp, Pharmacy, amongst others

Property description

Investment Consideration:
Purchase Price: £1,100,000
Gross Initial Yield: 4.20%
Rental Income: £46,200 p.a.
Comprises 3 x 1-Bedroom flats arranged over three floors.
All flats refurbished to a high standard in 2019
Total area size of 170 sq m (1,836 sq ft)
VAT is not applicable to this property
Located in predominantly residential area within 4 minute bus ride to Lewisham station which provides access to London Bridge in 30 mins.
Nearby occupiers include Marks & Spencer, bp, Pharmacy, Convenience store and a number of restaurant/takeaway`s

Property Description:
The property comprises 3 x 1-Bedroom flats arranged over ground, first and second floor. Flats have been refurbished to a high quality standard in 2019.
Flat C benefits from private garden at rear. Flat A benefits from private courtyard at rear.

The property provides the following accommodation and dimensions:
Ground/First Floor: Flat A - 57 sq m (614 sq ft)
Open plan kitchen/living room, Bedroom, Bathroom/WC, Rear Courtyard
First/Second Floor: Flat B - 65 sq m (705 sq ft)
Open plan kitchen/living room, Bedroom, Bathroom/WC
Ground Floor: Flat C - 48 sq m (517 sq ft)
Open plan kitchen/living room, Bedroom, Bathroom/WC, Rear Garden

Tenancy:
Flat A is at present let on an AST to an Individual for a term of 12 months from
1st October 2020 at a current rent of £15,900 per annum. Deposit held of £1,528.85
Flat B is at present let on an AST to an Individual for a term of 12 months from
30th October 2020 at a current rent of £14,400 per annum. Deposit held of £1,384.62
Flat C is at present let on an AST to an Individual for a term of 12 months from
13th March 2021 at a current rent of £15,900 per annum. Deposit held of £1,528.85

Location:
Lewisham is a London borough in South London. Lewisham's commercial area is one of the largest in south-east London. Lewisham Shopping Centre opened in 1977, has 70 stores and is over 330,000 square feet. Shops include Marks & Spencer, wh Smith, Sainsbury's, H&M, tk Maxx, jd Sports, SportsDirect, Argos and Boots. The property is located in predominantly residential area within 4 minute bus ride to Lewisham station which provides access to London Bridge and London Waterloo in 30 mins. Nearby occupiers include Marks & Spencer, bp, Pharmacy, Convenience store and a number of restaurant/takeaway`s

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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