Lot 44
    Mixed Use
    15A Westmoreland Road
    Walworth, London, SE17 2AX
    Sold Prior to auction, for an undisclosed amount
     
    Number 1
    A Well Located Mixed Use Investment Producing £36,000 per annum

    Description

    The property comprises a mid terrace building arranged over ground and two upper floors comprising a ground floor retail unit and a three bedroom first and second floor maisonette above .

    Tenure

    Freehold

    Location

    The property is situated in the South East London area of Walworth amongst the shops and amenities of Westmoreland Road. The open spaces of Burgess Park are within easy reach. Transport links are provided by Elephant & Castle rail and underground stations (Northern and Bakerloo lines).

    Accommodation & Tenancy Schedule

    Floor Accommodation Tenancy Current
    Annual Rent
    Ground Retail Shop with Storage & WC. Measuring Approximately 850 sq ft (79 sq m) Let on a 5 year Lease from February 2019 at a rent of £4,500 quarterly £18,000
    First & Second Three Bedroom Maisonette. Measuring Approximately 1,163 sq ft (108 sq m) Let on a 12 month AST from February 2019 at a rent of £1,500 pcm £18,000
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    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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