Investment Properties: 214-222 Rye Lane, Peckham, London SE15 4NL
214-222 Rye Lane, Peckham, London SE15 4NL
OIEO £2,800,000 subject to contract - Freehold
- Located within a 5 minute walk to Peckham Rye Station which offersdirect train services into central London in as little as 10 minutes.
- Five shops and upper parts consisting of three retail units (2 double units)and five flats accessed via a gated rear entrance.
- The five flats consist of 1 x 2 - bed, 2 x 3 - bed and 2 x 4 - bed eacharranged over three floors.
- Overall total income £202,000 per annum and a total area of 8,167 sq ft.
- Commercial element has a WAULT of 7.1 years to breaks and 12.8 years toexpiry. Tenants include Foxtons and a firm of solicitors.
- NIA of residential elements totalling 4,939 sq ft and commercial elementstotalling 3,228 sq ft.
- Offers are invited in excess of £2,800,000, subject to contract.
- This reflects a net initial yield of 6.78%, assuming purchaser’s costs of 6.43% and a low capital value of £342 per sq ft.