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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

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