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Tenanted Mixed Use Investment, 164 Rear of Acre Lane, Brixton, SW2 5UP

815 Sq Ft / Other / Mixed Use

For Sale - £500,000.00

Available - Last updated: 14 February 2024

Rare mixed use investment opportunity in Brixton.

The property comprises a ground floor MOT Garage with a 2 bedroom flat with a large terrace.

The MOT Garage has been operated by the same tenant for over 30 years and they are currently paying £18,000 per annum. Outside, on the right-hand side of the MOT garage, is a staircase leading to the first floor 2 bedroom flat which is in good condition, receiving £15,600 per annum.

There's a total income of £33,600 per annum with potential to increase the rents.

The property has clear development potential, and we encourage any prospective purchasers to conduct their own due diligence.

Offers in the region of £500,000 are encouraged and viewings are available upon request.

Location

The property is situated to the right-hand side of another garage at 164 Acre Lane.

Accommodation

Size - 815 sq ft

Terms

Price - £500,000

Rateable Value - £9,400

EPC - E

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £500,000.00 NA

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