Acquired
London SE13 – 3 Flats
238 Lee High Road, Lewisham, London SE13 5PLFreehold Residential Block Investment
Tenure
Freehold
Lease Term
Multiple
Years Left on Lease
2 days
Area
1,836 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- 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)
- 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
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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
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 Description
Flat A is at present let on an AST to an Individual for a term of 36 months from 5th October 2021 at a current rent of £16,200 per annum. Deposit held of £1,557.69
Flat B is at present let on an AST to an Individual for a term of 36 months from 31st October 2021 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 2022 at a current rent of £16,500 per annum. Deposit held of £1,528.85
Flat B is at present let on an AST to an Individual for a term of 36 months from 31st October 2021 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 2022 at a current rent of £16,500 per annum. Deposit held of £1,528.85
Tenancies & Accommodation
Location Description
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