- Prominent Mixed-Use Investment.
- Occupying a prime location on Eltham High Street, surrounded by retailers including Marks & Spencer, Lidl, Vue Cinema, JD Sports and many more.
- Comprising 1,053 sq m (11,336 sq ft) over ground and first floors.
- The property comprises a prime retail and residential parade including two commercial units on the ground floor, and seven flats on the upper floor comprising a mix of one/two and three bedroom flats.
- The retail space is let to Superdrug and German Doner Kebab with a current rental income of £116,000 per annum.
- The residential element comprises a mix of 4 x 1 beds, 2 x 2 beds and 1 x 3 bed benefitting from private balconies and with a current rental income of £129,000 per annum.
- The property produces a current passing rent of £245,000 per annum.
- Freehold.
PROPOSAL
Guide price of £2,895,000 (Two Million, Eight Hundred and Ninety Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this asking price would reflect a Net Initial Yield of 7.95% assuming standard purchasers costs of 6.44%, and a low Capital Value of £255 per sq ft.
