Terraced house for sale in 246-248 Hither Green Lane, London SE13

For sale by auction 06/06/2024 £1,800,000 Plus

freehold and long leasehold residential and commercial investment property comprising of ten studios, A two bedroom flat and vacant office, producing an income of £199,080 per annum

Location & Description
A three storey freehold terraced property comprising of a vacant ground floor commercial unit, a two bedroom ground floor garden flat and five studio properties spread over the first and second floors. As well as a long residential leasehold comprising of five studio properties spread over the first and second floors of an end of terrace property.

The property is located just half a mile from Hither Green Station which is part of the Dartford Loop Line. The property is also just 1.4 miles from Catford Station which serves the Southeastern and Thameslink lines with services to central London and other destinations.

Accommodation
246 Comprises of
Ground Floor Vacant Office
Ground Floor Two Bedroom Garden Flat
Studio Apartment x5 over first and second floor

248 Comprises of
Studio Apartment x5 over first and second floor

Tenure
248 is held freehold (edged red on plan).

246 is held leasehold. The property is held for a term of 189 years from 19th August 1992 at a peppercorn ground rent and no service charge (shaded blue on plan).

Tenancy Details
Currently let on a five year term from 19/03/204 via Lamberth Council

Studio Apartment £1,450 pcm x10 (£174,000pa)

Two Bedroom Garden Flat £2,090 pcm (£25,080pa)

Note
Auction Surveyor: Bryn Nettle
Contact: