FREEHOLD GROUND RENT INVESTMENT FOR SALE (WITH VACANT SHOP & BASEMENT) - EAST HILL, SW18

Monday 10 July 2017

 

The available property occupies a prominent position situated on the north side of East Hill at the junction with Alma Road, forming the end of a small parade of retail units. The Co-Op and numerous other retail properties are situated opposite the premises.

East Hill forms part of the busy A3 and benefits from a high volume of passing traffic as well as connecting the centres of Wandworth, Putney and Clapham.

94, East Hill is for sale with vacant possession of the ground floor and basement and subject to five long leasehold flats.

The ground floor and basement have A1/A2 permission and are capable of other uses (eg B1 (offices) or D1 (medical) subject to planning permission.

There are five flats in the property held on long leases of 125 years from 18 December 2007 producing a current income of £1,250 per annum in ground rents (ie £250 per flat) which rises to £2,500 per annum in 2032 and doubling every 25 years thereafter.

 

For further details, please get in touch with Chris Jago.

 

 

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