Investment Properties: 214-222 Rye Lane, Peckham, London SE15 4NL

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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.
  • Freehold.
  • 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.