3 Miles South East Of Central London, London, Greater London, United Kingdom

Report Listing

Apartment For Sale

€257,700

3 Miles South East Of Central London
London, Greater London, United Kingdom

Listed By: Silver Meadow Properties

Listed On: 02/11/2023

Listing ID: GL558690

Description

ESTATE AGENTS 3 MILES SOUTH â€“ EAST OF CENTRAL LONDON Â£257,700.00 SALE PRICE Â£11,600.00 PER ANNUM RENTAL 4.5% RETURN FREEHOLD SHOP AND RESIDENTIAL GROUND RENT INVESTMENT. SHOP REVERSION 2020 AT Â£11,600 PER ANNUM. THE PROPERTY IS ARRANGED ON GROUND AND TWO UPPER FLOORS TO PROVIDE A GROUND FLOOR SHOP CURRENTLY TRADING AS AN ESTATE AGENTS WITH RESIDENTIAL ACCOMODATION ABOVE ACCESSED FROM THE FRONT. THE RESIDENTIAL ACCOMODATION HAS BEEN SOLD OFF ON A LONG LEASE. RESIDENTIAL ACCOMODATION FOR 99 YEARS FROM 24/06/1988 AT Â£100 PER ANNUM, RISING BY Â£100 EVERY 33 YEARS. INCREASES TO Â£200 IN 2021. ADDITIONAL VALUE AVAILABLE IN THE RESIDENTIAL ACCOMODATION AS BANKS DO NOT GENERALLY LEND LESS THAN 70 YEARS. A PREMIUM AVAILABLE WHEN THE RESIDENTIAL ACCOMODATION TENANT REQUIRES AN EXTENSION TO HIS LEASE.