Block of flats for sale in Drewstead Road, London SW16

Guide price £1,500,000 (£506.76/sq. ft)
Interested in this property? Call +44 20 8033 5526 * or Request Details

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Block of flats for sale 2,960 sq. ft*

Property features

  • Turnkey investment opportunity
  • Private south-facing rear garden
  • Gross annual income of £80,640
  • Gross annual yield of 5.4% at the asking price
  • Total of eight flats
  • All flats currently let

Property description

Dexters are delighted to present for sale a turnkey investment opportunity for the acquisition of this freehold house that has been converted into a total of eight flats, 7nos. Studio apartments and 1nos. One-bedroom flat which benefits from a private south-facing rear garden.

The overall square footage of the property is approximately 2,960 sq. Feet spanning across three floors. The property further benefits from 2nos. Off-street parking spaces.

Seven of the eight apartments are currently let on Assured Shorthold Tenancy Agreements with a gross annual income of £80,640 (Eighty Thousand, Six Hundred and Forty Pounds) representing an annual yield of 5.4% at the asking price.

Drewstead Road is ideally located within 125 meters of Streatham Hill station with direct access to Clapham Junction, Balham, London Victoria and London Bridge.

Streatham High Road is within 125 meters featuring a plethora of shops, bar and restaurants including a Marks & Spencer's Foodhall.

The green outdoor space of Tooting Bec Common is within 650 meters.

The freehold (hm Land Registry Title Number SGL276624) will be sold with the tenants in situ.

Property info

Floorplan(s): Floor Plan

Floor Plan View original

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

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For more information about this property, please contact
Dexters - Development and Investments London, KT6 on +44 20 8033 5526 * (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 Dexters - Development and Investments London, and do not constitute property particulars. Please contact Dexters - Development and Investments London 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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