TO BE SOLD AT SAVILLS AUCTION 12TH FEBRUARY 2025 - UNLESS SOLD PRIOR
Opportunity to acquire a detached purpose-built residential building let on a 20-year FRI lease to Southern Housing.
This property is arranged over three floors and includes 13 self-contained apartments, offices, a communal kitchen, common rooms and staff rooms measuring 9,774 sqft²GIA (908 sqm).
Current passing rent of £180,200 per annum.
Located in Deptford, just 0.2 miles from Deptford Station (Thameslink, Southeastern).
Development potential to add another floor as well as improvement of the existing low net to gross accommodation split.
PROPOSAL
Guide price of £2,250,000 (Two Million, Two Hundred and Fifty Thousand Pounds) subject to contact.
A purchase at asking price would reflect a Gross Yield of 8%.
