Investment Summary:
A rare opportunity to acquire a prominent freehold building on the busy Brixton Road.
The property occupies a prime location, in Brixton’s main retail pitch.
Brixton Underground Station (Victoria Line Services) and Brixton Station (National Rail Services) provide direct access into Central London.
Brixton Underground Station (Victoria Line) is one of the busiest tube stations on the London Underground network with over 32 million pedestrians entering and exiting annually.
The property enjoys well configured ground floor commercial accommodation alongside three modern flats located on the first, and second floors, with a further large Ground Floor flat to the rear.
The subject property provides scope to develop further residential on the flat roof to the rear (STPP).
Accommodation:
The unit is arranged over a Ground, First and Second Floors only.
Approximate Net Internal Areas:
Ground Floor Commercial: 1,335 sq. ft.
Ground Floor Flat: 650 sq. ft.
The upper parts consist of 3 x 2 bed apartments with self-contained access.
Tenancy Information:
The Ground Floor is currently let on a 10-year lease expiring 1st December 2030 to Morley’s Chicken at a rental of £50,000 per annum.
The 3 x 2 bet apartments are currently let on AST agreements for a total of £5,000 pcm.
The Ground Floor one bedroom flat is currently vacant and is expected to achieve between £1,600 and £1,700 pcm.
Total Income: £129,800 per annum exclusive.
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