27, 27A, 29 & 29A Burghill Road, Sydenham, London SE26

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27, 27a, 29 & 29a Burghill Road, Sydenham, London SE26 4HJ Block of 4 maisonettes with potential for sale View more information... 27, 27a, 29 & 29a Burghill Road, Sydenham, London SE26 4HJ Home Description Location Terms View all of our instructions here... III III

SCHEDULE OF ACCOMMODATION • Unbroken freehold block of 4 maisonettes • Currently 2 two beds & 2 three beds Unit Floor Description Size (sqft) Current Rent (PCM) Open Market Rent (PCM) • Considerably under-let producing £58,260 PA • ERV £74,400 PA 27 Ground 2 bedroom maisonette 825 £850 £1,450 • Building totals circa 3,500 sqft • Potential for rear & roof extensions allowing a 27a First 3 bedroom maisonette 929 £1,075 £1,600 further c. 3,000 sqft 29 Ground 2 bedroom maisonette 823 £1,450 £1,450 • OIEO £1,200,000 F/H

29a First 3 bedroom maisonette 960 £1,480 £1,700 DESCRIPTION An unbroken freehold block of apartments, which offers further potential, Total: 3,537 sqft £58,260 PA £74,400 PA with all units let on AST’s. The property comprises 4 maisonettes. These are currently arranged as 2 two bedroom and 2 three bedroom units. All of the maisonettes are over-sized. Please see schedule of accommodation (left). Given all units are maisonettes, the building has no communal areas and therefore totals circa 3,537 sqft. Each maisonette is let on an AST (Assured Shorthold Tenancy Agreement) to a private individual. Between these 4 AST’s, the building is producing a total of £58,260 per annum. However, most of the units are let below market value. The total Estimated Rental Value is approximately £74,400 per annum. Please schedule of accommodation (left) with a breakdown of values. The building also benefits from a large rear communal garden with side vehicular access, as well as some vacant land at the back of the garden which dog legs behind some of the neighbouring properties. In summary, a freehold property currently arranged as 4 large maisonettes with clear development potential. All 4 units are currently let on short- term tenancy agreements, most of which are let below market value.

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120 Bermondsey Street, 1 Sherman Road, London SE1 3TX Bromley, Kent BR1 3JH T: 020 7089 6555 T: 020 8315 5454 27, 27a, 29 & 29a Burghill Road, Sydenham, London SE26 4HJ Home Description Location Terms View all of our instructions here... III III

POTENTIAL 1) Clear precedent for a sizeable multi-storey rear extension, and additional accommodation in the roof. This could provide a further circa 3,000 sqft of newly built space. Please note the property sits within the London Borough of Lewisham but has no planning history. Furthermore, the property is not listed nor in a conservation area. 2) The property is considerably under-let. There is therefore potential to increase the total rent to approximately £74,400 per annum. 3) The break-up value of the 4 existing maisonettes is in the region of £1,500,000.

LOCATION The property is situated on Burghill Road in the centre of Sydenham, SE26. Burghill Road is a solely residential location comprising a mixture of houses and flats. The street adjoins Mayow Road and Champion Road, which both connect to Sydenham Road (A212). In terms of public transport, Sydenham Train Station is located half a mile away, which provides direct connectivity to the London Overground and Southern Rail lines. Between these lines, access to London Bridge in 20 minutes and Shoreditch in 25 minutes is provided. Numerous local bus routes also serve the area.

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TERMS Inviting unconditional offers in excess of £1,200,000 for the unbroken freehold property, subject to the 4 existing AST’s. No subject to planning offers will be considered.

A deadline for offers may be set, so interested parties are advised to contact our offices for further details.

VAT We understand that VAT is not applicable in this transaction.

FURTHER INFORMATION The following further information is available upon request:

- Copies of the 4 AST’s - Existing floorplans - Virtual tour - Additional pictures - Copies of the 4 EPC’s

VIEWINGS Initial viewings will be by virtual tour only – please contact our offices for further information. Physical viewings will be available, but only to interested parties that have been pre-qualified, and that have taken the virtual tour first.

This [brochure and its content] is copyright of Acorn Limited © 2016. All rights reserved. Any redistribution or reproduction of part or For more E: [email protected] information all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit contact: the content, nor may you transmit it or store it in any form. W: acorncommercial.co.uk Louis Markham Acorn as our vendor’s agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, 020 7089 6555 we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained herein. All 120 Bermondsey Street, 1 Sherman Road, measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested. London SE1 3TX Bromley, Kent BR1 3JH Meet the rest of the team... T: 020 7089 6555 T: 020 8315 5454