45 London Road, Forest Hill, London SE23 3TY

45 London Road, Forest Hill, London SE23 3TY

  • Investment
  • o
  • 0 - 706 Sq ft
  • o
  • For Sale
  • o
  • £795,000

Location:

This property is located in Forest Hill, within the London borough of Lewisham. It is situated on the south side of London Road (South Circular A205) and benefits from plenty of visibility on a busy main thoroughfare. Forest Hill mainline rail and Overground station is less than 5 mins walk, providing services up to Highbury & Islington, and into London Bridge.

 

Description:

The subject property is a period end-of-terrace building, comprising a ground floor shop, and two flats within the upper parts. The ground floor shop is let to a multi-branch Hairdressers who have recently renewed their lease on a new 12 year term. The first floor flat has one bedroom and has recently been let for £1,050 per month on a 12 month term. The second floor flat has 3 bedrooms and is currently let for £1,450 per month. Both are accessed via an external staircase.

Accommodation:

  Sq. M.  Sq. Ft. 
Ground Floor Shop 65.62 706
First Floor Flat 1 Bedroom  
Second Floor  3 Bedroom   

 

Tenure:

The freehold interest of this property is available to purchase as a tenanted investment. 

The ground floor shop is let on a 12 year lease from Nov 2019 at £15,500 p.a. It contains a break options after 6 years and rent reviews after the 4th and 8th years.

The first floor one bedroom flat was let on 17th July 2020 on a 12 montn AST for £12,600 p.a.

The second floor three bedroom flat has been recently renewed at a rent of £17,400p.a.

 

Legal Costs:

Each party to bear their own legal costs incurred in the transaction

 

EPC:

Rating: D - 92

George  Musgrave

George Musgrave
BA (Hons) MSc
07841 372888

69-71 High Street, Chobham, Surrey, GU24 8AF

  • Investment
  • 922 Sq ft
  • For Sale
  • £335,000

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  • Investment
  • 1378 Sq ft
  • For Sale
  • £395,000 for the Freehold
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