Retail and Residential investment opportunity. Located directly opposite London Southbank University.
Summary
- Total Gross rental income £145,800 pa
- Two retail units producing £29,000 pa and £16,000 respectively with outstanding rent review from 2021
- Three x 2 bed duplex flats, one x 2 bed and one x 1 bed producing a gross income of £100,800 pa
- Located opposite London Southbank University
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | Rent | EPC | Availability |
| Unit - 15a-16 London Road | 2,059 | £29,000 /annum | C | Let |
| Unit - 15 London Road | 550 | £16,000 /annum | B | Let |
| 2nd - Flat 1, 2a Gladstone Street | 400 | £16,800 /annum | C | Let |
| 2nd - Flat 2, 2a Gladstone Street | 613 | £21,600 /annum | C | Let |
| 1st - 15a London Road | 828 | £21,600 /annum | D | Let |
| 2nd - 15b London Road | 979 | £21,600 /annum | C | Let |
| 1st - 16a London Road | 796 | £19,200 /annum | D | Let |
| Total | 6,225 |
Location
Opposite London South Bank University and a short walk to Elephant & Castle Underground.
Get directions from Google Maps
Mainline Stations
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Elephant and Castle7 mins
-
Waterloo East9 mins
-
Waterloo10 mins
-
London Bridge18 mins
Underground Station
-
Elephant and Castle4 mins
-
Lambeth North7 mins
-
Southwark8 mins
-
Borough9 mins
Further Information
Price £2,450,000.00
Rates Payable Upon Enquiry
Description
Retail and residential investment opportunity comprising two retail units let on FR&I leases and five self contained flats let on ASTs. There may be opportunity to improve the rental income on both retail and residential units with an outstanding rent review on one of the commercial units from 2021. A new mansard roof and 2nd floor was constructed 2015/6.
The property has not been measured and all measurements are from available sources such as EPC register and VOA.
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