London SW16 - 114 Greyhound Lane, Streatham SW16 5RN Freehold Residential and Retail Ground Rent Investment London SW16 - 114 Greyhound Lane, Streatham SW16 5RN Freehold Residential and Retail Ground Rent Investment
Investment Consideration: ▪ Purchase Price: £495,000 ▪ Gross Initial Yield: 4.43% ▪ Rental Income: £21,950 p.a. ▪ VAT is NOT applicable to this property ▪ Comprises ground floor retail shop (sold off), 1 x 2-Bed Flat at first floor (sold off) and 1 x 3-Bed Flat arranged over second and third floor. ▪ Located near Streatham High Road and within 7 minute walk of Streatham Common Station which provides direct services to London Victoria. ▪ Nearby occupiers include number of local retailers including barber, convenience store, pub, takeaway and more.
Tenancies and Accommodation: London SW16 - 114 Greyhound Lane, Streatham SW16 5RN Freehold Residential and Retail Ground Rent Investment
Property Description: The property comprises ground floor retail shop, 1 x 2-bedroom flat at first floor (Sold Off) and 1 x 3-bedroom flat arranged over second and third floor.
The property provides the following accommodation and dimensions: Ground Floor: Shop 75 sq m (807 sq ft) First Floor: 2-Bedroom Flat 54 sq m (581 sq ft) Second/Third Floor: 3-Bedroom Flat 99 sq m (1,066 sq ft)
Tenancy: Ground Floor Shop has been sold off on a 250 year leasehold from 24th November 2017 at a ground rent of peppercorn. Flat A has been sold off on a 125 year leasehold from 12th October 2017 at a current rent of £350 per annum. Rent doubles every 25 Years. Flat B is at present let on an Guaranteed Rent Agreement to N & N Property Management Limited for a term of 3 Years from 15th October 2020 at a current rent of £21,600 per annum. Tenant option to determine in October 2021.
Location: Streatham is a district mostly in the London Borough of Lambeth in Greater London, but with some areas to the west extending into the neighbouring London Borough of Wandsworth. It is centred 5 miles (8.0 km) south of Charing Cross. The area is identified in the London Plan as one of 35 major centres in Greater London. The property is located near Streatham High Road and within 7 minute walk of Streatham Common Station which provides direct services to London Victoria. Nearby occupiers include number of local retailers including barber, convenience store, pub, takeaway and more. London SW16 - 114 Greyhound Lane, Streatham SW16 5RN Freehold Residential and Retail Ground Rent Investment
Contacts:
To view copies of the leases, information on the title, other information, please contact Joseph Bachman or Prash Jaitley.
Joseph Bachman – COO Prash Jaitley – Managing Partner M: +44(0)77236 19270 M: +44(0)79618 53166 E: [email protected] E: [email protected]
Address:
Blue Alpine Partners Limited Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ
Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease.