Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
PRIME SOUTH EAST LONDON FREEHOLD RETAIL / RESIDENTIAL INVESTMENT PARADE FOR SALE
• Lewisham is a vibrant and densely populated borough in south east London, situated approximately 2 miles south of Greenwich and 6 miles south east of Central London
• The property occupies a strategic position on Lewisham High Street, adjacent to an entrance of the Landsec owned 350,000 sq ft Lewisham Shopping Centre
• Mixed-Use Freehold parade comprising four adjoining buildings
• Four retail units and 14 residential units comprising:
- 5 x studios
- 2 x one bedroom flats
- 6 x two bedroom flats
- 1 x three bedroom flat
• The flats are fully let on an annual AST agreements producing a total current income of £271,172 per annum
• The retail element is multi let to four tenants producing a total current income of £273,000 per annum
• Total current rental income of £544,172 per annum
• Estimated Rental Value: £556,680 per annum
• WAULT to expiry of 9.4 years and 4.4 years break on the retail element
Offers are invited in excess of £7,000,000 (Seven Million Pounds) subject to contract and exclusive of VAT, which reflects a net initial yield of 7.75% on the retail element after the deduction of standard purchasers’ costs, and a capital value of £391 psf on the residential element.
Tenure:
Mixed Use Freehold
Yield:
7.75 %
Price:
£7,000,000
Contact:
Philip Hay
+44 (0)7770 580590
phay@jacksoncriss.co.uk
Adam Rawcliffe
+44 (0)7968 474988
arawcliffe@jacksoncriss.co.uk
Rhodri Jones
+44 (0)7570 684444
rjones@jacksoncriss.co.uk