MapGuide price
£1,100,000Mixed use for sale
71 Rosendale Road, West Dulwich, London
Mixed use
Key information
Features and description
- Mixed-use investment for sale
- Comprising commercial plus 2 flats
- Commercial unit let at £45,000 pa
- 2 flats let on AST's at £34,200 pa
- Asset Management with development potential (stpp)
- Guide price: £1,100,000 F/H (gross yield 7.18%)
An opportunity to purchase a freehold mixed-use property with ground floor commercial and two flats above all let and producing a total income of £79,200pa.
The site is occupied by a 4 storey front period building with a forecourt to the front and side plus a single storey warehouse to the rear.
The lower ground floor of the front building provides offices and WC facilities which along with the forecourt and rear warehouse which are all included in the commercial lease let to auto repairs and MOT business 'West Dulwich Service Station Ltd' (. co.uk) at a current rent of £45,000pa. The original lease began in 2013. The current lease runs for 10 years from 1st July 2020 until 30th June 2030 so 4.5 years remaining. There is an automatic rent review in June 2028 taking the rent to £48,000pa.
The upper ground, first, and second floors of the front building contain two recently refurbished residential flats letting on separate ASTs
providing £34,200pa.
The site is occupied by a 4 storey front period building with a forecourt to the front and side plus a single storey warehouse to the rear.
The lower ground floor of the front building provides offices and WC facilities which along with the forecourt and rear warehouse which are all included in the commercial lease let to auto repairs and MOT business 'West Dulwich Service Station Ltd' (. co.uk) at a current rent of £45,000pa. The original lease began in 2013. The current lease runs for 10 years from 1st July 2020 until 30th June 2030 so 4.5 years remaining. There is an automatic rent review in June 2028 taking the rent to £48,000pa.
The upper ground, first, and second floors of the front building contain two recently refurbished residential flats letting on separate ASTs
providing £34,200pa.
Property information from this agent
About this agent
As one of London and Kent's most successful property companies with 35 years experience and 40 offices, we strive to deliver a service that is unparalleled by our competitors. Our team appreciate that your home is likely to be your most treasured asset. Therefore whether we are selling, letting or assisting in a purchase, our priority is to ensure each client is treated with care and consideration.