78-79 Grange Road, London SE1 3BW

Sold
Commercial & Investment
£1,265,000 (6.2%)

Key Details

Status
Recent Transactions
Type
Commercial

Overview

  • Freehold mixed-use building comprising a ground floor commercial unit (Class-E) and 3 x apartments in the upper parts (2 x 2 beds & 1 x 1 bed)
  • Ground floor is let to Medivet Group (vets), paying £27,630pax (£19psf) on a 15-year term (2039 expiry)
  • Upper parts arranged as a split level 1-bed (vacant / £21,000pax ERV) and 2 x 2 beds (both let), producing £50,700pax 
  • ERV estimated at 99,330pax, with potential to extend to rear, refurbish & re-let or break up to enhance yield/value
  • Sold to private investor for £1,265,000 (6.2% on existing income)

For full details please download the property brochure.

 

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