3 bedroom block of apartments for sale

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3 bedroom block of apartments for sale

Deptford High Street, London, SE8
£800,000

Price History

Initial price £1,000,000
28/11/23 £900,000
14/12/23 £850,000
02/02/24 £900,000
16/10/24 £800,000
Price Change -20.00%

Description

This is a unique opportunity to purchase a mixed-use freehold building in a prime location. The property consists of a commercial unit on the ground floor and basement, let on a long lease with 15 years remaining and a rent review due in three years, generating a rental income of £22,800 per annum. The first and second floors are residential units, a two-bedroom flat and a one-bedroom flat, respectively, which are both let and generating rental income below market value, at £13,200 and £11,400 per annum, respectively. The property has a D energy efficiency rating for both flats and commercial units, and is situated in a Council Tax Band B area.