Property unavailable
This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings.
Please note we do not have names or contact details of anyone currently occupying this building
we are also unable to provide details of the agents that posted the original advert with us.
If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com
If you would like to know if this, or any similar property comes back or on to the market
please click here to get updates by email.
118 Burnt Ash Road, Lee, London, SE12 8PU
not specified / Other
Withdrawn - Last updated: 24 May 2024
A 4 storey Victorian building arranged as commercial space on the ground floor plus 2 self-contained flats, both sold on leases. The ground floor is let to Conran Estates, (part of the Dexters Group of estate agents) paying a very low rent of £XXX pa subject to review in January 2025.
The 2 flats have been sold on leases, the upper flat having some 58 years unexpired and the basement flat 117 years.
Section 5 Notices served and expired.
Commercial lease, inside the Act for 15 years from 9th January 2020 at £XXX pa with 5 yearly rent reviews and breaks
Significant rental growth in 2025
Strong commercial tenant
99 year lease on upper flat (118a) from 24th June 1982 therefore having some 58 years unexpired. £XXX pa ground rent rising every 33 years
Potential income from lease extension
125 year lease on basement flat (118b) from 25th March 2015 therefore having some 117 years unexpired. £XXX pa ground rent rising every 40 years
( Agency Pilot Software ref: 789 )
Email me updates about similar new properties
Show similar properties