£1,750,000 1750000.00

Lavender Hill, SW11

  • 6
  • 4
  • 6
2673 ft2
248 m2

Overview

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.

  • Key info
    • 6 bedrooms, 4 bathrooms, 6 receptions
    • Gross Floor Area: 2673 sq ft (248 m²)
    • Tenure: Freehold
    • Local authority: Wandsworth
    • Council tax band: D
  • Nearby stations
    • transportClapham Junction 1130m (14mins)
    • transportClapham Common 1210m (15mins)
  • Additional features
    • 6 bedrooms
    • 4 bathrooms
    • 6 reception rooms
    • Freehold
    • Roof Terrace
    • Garden
    • Balcony
    • Gross Per Annum £73,112
    • Purchasing with Tenants in Situation
    • 4.17% Gross Yield

Area map

Click below to see locations of schools in the area
Schools

Street view