Current Instructions

DESCRIPTION

• Mixed-use investment opportunity on Denmark Hill.
• Situated on Denmark Hill, within 0.4 miles of London Overground Denmark Hill station, benefiting from a well-connected South London location.
• The property is Grade II listed and comprises of a high street retail unit, an adjacent kiosk, a vacant basements and 3 residential apartments 2 of which are sold off on long leases with 60 and 87 years remaining.
• Commercial retail unit let on a 12-year lease to Stuart Palmer (TTFN Vintage), which expires in December 2033, currently producing £22,000 per annum. There are rent reviews on 24/12/27 and 24/12/30 before the lease expires in 2033. Future asset management potential to further utilise the vacant basement.
• The kiosk adjacent to the building produces £10,400 per annum and is let to Kadasamy Balendran on a 15 year lease which expires December 2039.
• The residential 1-bed flat measures at circa 500 sq ft, currently producing £18,000 per annum.
• Current passing rent per annum – £50,700.
• Freehold.