Property photos
Guide price
£650,000
(£348.47/sq. ft)
Land for sale
Lee High Road, London SE13Local area information
Property location
Nearby amenities
- St Saviour's Catholic Primary School 0.2 miles
- St Matthew Academy 0.3 miles
- Lewisham 0.4 miles
- Lewisham 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Lewisham, Hither Green and Ladywell to find out more about the local area.
Features and description
- Freehold investment opportunity
- Unbroken freehold
- Fully let "turnkey" investment
- Commercial unit plus 3 self-contained flats
- Total Gross Rental Income is £54,000 per annum
- Located within the London Borough of Lewisham
Located within the London Borough of Lewisham, the property is ideally located on Lee High Road, a busy high street including tenants such as Lidl and Nandos.
The property is popular with both students and young professionals given the proximity to the City of London, Canary Wharf and Goldsmiths University.
The sale is for the unbroken freehold title featuring a commercial unit (Use Class E) plus three self-contained residential flats.
The retail unit occupies the ground floor and has a total area of approximately 51.5 sq.m. (554 sq .ft.). The unit is currently leased to M.Y Hair Lounge on a 10-year lease which commenced in December 2019. The current Gross Rental Income is £1,200 pcm / £14,400 pa.
Flat A is a studio apartment located on the first floor with a total area of approximately 29.6 sq.m. (319 sq.ft.) The current Gross Rental Income is £1,350 pcm / £16,200 pa.
Flat B is a one-bedroom split level flat located over the first and second floor with a total area of approximately 36.2 sq.m. (390 sq.ft.) The current Gross Rental Income is £1,000 pcm / £12,000 pa.
Flat C is a one-bedroom split level flat located over the first, second and third floors with a Total Area of approximately 56.0 sq.m. (603 sq.ft.) The current Gross Rental Income is £950 pcm / £11,400 pa.
Income
Combined Gross Rental Income £4,500 pcm / £54,000 pa (Gross Yield 8.31% based upon the Guide Price)
Floor plans and tours
Floor plans (4)
4 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Dexters - Development and Investments London
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