Lavender Hill, SW11

This freehold opportunity presents itself to an investor with all 4 properties having current rental agreements, giving a purchaser guaranteed income from the start of the transaction.

The property is being sold as freehold and the individual flats currently do not have leases attached to them. This is a unique opportunity for a buyer to create new leases as and when they feel suitable.

The building compromises of 4 units as per below:

1.Lower Ground Floor – 2 bedroom garden flat, 731 sq ft.
2. Raised Ground Floor – 1 bed flat with a roof terrace, 470 sq ft.
3. First Floor – 1 bed flat with no outside space, 466 sq ft.
4. Top Floor Flat – 2 bedroom split level flat with a balcony, 857 sq ft.

Currently the four flats generate the current owner £73,112 per annum of rental income which equates to £6,093 per calendar month or £1,406 per calendar week.

At the asking price the property generates a gross rental yield of 3.6556% with the view to also install new leases.