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Well Hall Road, Eltham, London SE9

MULTI-LET LONDON INVESTMENT AT AN ATTRACTIVE LOT SIZE
For sale
  • Popular and densely populated South East London suburb.
  • Multi-let neighbourhood investment comprising 4 lock-up units.
  • Situated in a commercial and residential block adjacent to Tesco Express and adjoining a newly refurbished Energie Fitness gym.
  • 990 years remaining of a 999 year lease at a peppercorn.
  • Total accommodation of 3,586 sq ft approximately.
  • 7.8 year WAULT to lease expiries (6.5 years to break options).
  • Fully let producing an income of £65,250 per annum.
  • Average passing rents of £18.20 per sq ft.
  • 75% of income secured to low risk tenants.
  • We are instructed to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds), subject to contract.
  • A purchase at this level would reflect;
  • 6.86% Net Initial Yield.
  • £251 per sq ft Capital Value.
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