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45 London Road, Forest Hill SE23 Investment for sale

£795,000

Property description

    Property features

  • Investment
    (Investment)
  • Dimensions: 66 m2
    (706 ft2)

A prominent, end of terrace building in the heart of London Road offering both commercial and residential space. The building offers a commercial unit over the ground floor occupied by Geddes, a successful hairdressers. There two flats within the upper parts, the first floor flat has one bedroom and is vacant, the second floor flat has three bedrooms and is let on 12 month AST.

Location: The property is prominetly positioned on the south side of London Road and benefits from excellent transport links. Forest Hil station is just a 2 minutes walk away which provicdes access to the London overground, there are also regular buses which give access to Victoria, Peckham and Tottenham Court Road. The building benefits from being on a thriving thoroughfare and is in close proximity to successful retailers such as Sainsburys, Wetherspoons and Energie Fitness.

Terms & conditions: The ground floor space is let on a 12 year lease from November 2019, it has a break clause in Novermber 2025 and rent reviews in 2023 and 2027. The first floor flat and the second floor flat is let on a ast, which has recently been renewed.

Business rates: We have been advised that as of 1st April 2017 the rateable value is £13,500. Rates payable for this year are estimated to be in the region of £6,628.

Rent: Commercial - £15,500 per annum. First floor flat - £12,600 per annum. Second floor flat - £17,500 per annum.

Additional information

Tenure

Freehold

Nearest stations

  • Forest Hill (0.1 miles)

Property location map

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