Commercial property for sale in London, England

Guide Price = £450,000+  **For Sale By Public Auction 23rd April 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**  A Freehold Ground Rent Investment and Roof Space Development Opportunity Offered with Planning Permission for the Construction of a Further 2 x Two Bedroom Flats All Secured Upon a Detached Building of Nineteen Flats (All Sold-Off on Long Leases) Currently Producing £6,775 Per Annum.  Tenure Freehold  Location The property is situated on a residential road close to local shops and amenities. The open spaces of Hillside Gardens Park are within easy reach. Transport links are provided by Tulse Hill rail station.  Description The property comprises a detached purpose built block of nineteen flats (4 x one bedroom, 11 x two bedrooms and 4 x three bedrooms) arranged over lower ground, ground and three upper floors.  Tenancy The nineteen flats are all sold off on 150 year leases producing a combined ground rent of £6,775 per annum.  Planning Lambeth Borough Council granted the following planning permission (ref: 21/00343/FUL) on 9th March 2023: 'Erection of 2 x 2-bed units on roof of existing building, with provision for private amenity space, car and cycle parking, and refuse and recycling storage'.   There are no internal viewings

Commercial property for sale in London, England

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