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Block of flats for sale in Drewstead Road, London

Investment

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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

Energy Performance Certificate (EPC)

Floorplan(s): Floor Plan

Floor Plan View original

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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

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Disclaimer

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.