13,14 & 16 WELL HALL PARADE ELTHAM, LONDON SE9 6SP HMO INVESTMENTS FOR SALE 13,14 & 16 WELL HALL PARADE ELTHAM, LONDON SE9 6SP
• HMO investment (s) for sale LOCATION • Three neighbouring properties in a good location The property is located on Well Hall Parade close to Well Hall Road (A208) which connects to the South Circular Road and the A2. • Unit 16 is fully let and currently producing £45,360 per Eltham Train Station is located 350 yards away from the properties and provides annum commuters with direct train services to London Charing Cross, London Victoria, London Cannon Street and Dartford. • Units 13 & 14 are in the process of being fully refurbished Eltham has become increasingly popular in recent years for both young and have an ERV of £115,500 per annum professionals and families and provides not only good rail and road links to London and Kent but also boasts an array of national retailers, restaurants, bars • OIEO of £1.6 Million for three long leasehold interests and leisure facilities. (subject to the ERV being achieved on units 13 & 14)
• OIEO of £455,000 for long leasehold of unit 16 as a single lot • OIEO of £1,200,000 for long leaseholds of units 13 & 14 as a single lot (subject to the ERV being achieved) DESCRIPTION An opportunity to acquire three neighbouring, fully compliant HMO (House of Multiple Occupation) properties comprising a total of 18 bedrooms and a 2 bedroom flat. The three properties are offered to the market fully refurbished to a good standard throughout and offer potential purchasers an attractive 10% gross return at the guide price(s). The units are offered either as a single lot sale (subject to the ERV being achieved on units 13 & 14) or as two individual lot sales (Unit 16 & 13/14). It is anticipated that Units 13 & 14 will be refurbished, compliant and fully let by the end of April/beginning of May 2016. All units are separately metered, are provided with internet access and have communal area CCTV.
E: [email protected] Acorn as our vendor’s agent have endeavoured to check the accuracy of these sales W: acorncommercial.co.uk particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained 020 8315 5454 T: @acorncommercial herein. All measurements are approximate and should not be relied upon. No equipment,utilities, circuits or fittings have been tested. 13,14 & 16 WELL HALL PARADE ELTHAM, LONDON SE9 6SP
FURTHER INFORMATION The following is available upon request: - Floor plans for the three properties. - Further internal photographs. - Full schedule of accommodation and rental values. - HMO certificate for unit 16.
EPC TBC
TERMS OIEO of £1,600,000 for three 199 leasehold interests (subject to the ERV being achieved on units 13 & 14). OIEO of £455,000 for unit 16 as a single lot. OIEO of £1,200,000 for units 13 & 14 as a single lot (subject to the ERV being achieved).
VAT We understand that VAT is not applicable in this matter.
VIEWINGS Any internal inspections of the properties are strictly by prior appointment via Acorn’s Commercial & Development Division on 0208 315 5454.
E: [email protected] Acorn as our vendor’s agent have endeavoured to check the accuracy of these sales W: acorncommercial.co.uk particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained 020 8315 5454 T: @acorncommercial herein. All measurements are approximate and should not be relied upon. No equipment,utilities, circuits or fittings have been tested.