H&T Pawnbrokers & 2 Flats, Elephant & Castle, Central London

 

241 Walworth Road, Elephant & Castle, London, SE17 1RL

Offers in excess of
N/A
Acquired
Type - Mixed
Tenant type - Various
  • Tenure: Freehold
  • Gross Rent: £63,500
  • Lease Term: FRI Lease until 30th Jan 2023
  • VAT applicable?: N

Property Description

  • Freehold Blue-Chip Retail & Residential Investment in Central London.
  • Ground floor & basement unit of 1,370 sq ft.
  • Upper floors contain 2 residential flats (700 sq ft & 500 sq ft).

Location Description

  • Elephant and Castle is a Popular Zone 1 location in Central London, in the London Borough of Southwark.
  • The property located in the middle of a busy high street with very good footfall, within a short walking distance from Elephant & Castle and Kennington Underground Tube Stations

Additional Notes

  • Ground floor & basement unit let on FRI lease to H&T Pawnbrokers
  • Lease until 30th Jan 2023 at a current rent of £35,000
  • 2 bed flat of circa 700 sq ft let on AST producing £15,360 annually (£1,280 pcm)
  • 1 bed flat of circa 500 sq ft let on ASP producing £13,140 annually (£1,095 pcm)
  • Total rent of £63,500 pa.

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