Arranged over 2 property addresses with a mixture of rooms.
Location
The 2 properties are located on Well Hall Parade close to the junction of Well Hall Road (A208) and within 250 yards of Eltham Railway Station with direct trains to Central London. Eltham High Street is within a mile to the south and Woolwich is 2 miles to the North. The area has good transport links with numerous bus routes using Well Hall Road, the A2 and South Circular being approx. half a mile away.
Accommodation
1 x 2 Bed flat
3 x Studio
8 x Double en suites shower facilities
There are also separate shared kitchens & WC’s within each property.
Floor Plans available upon request.
Terms
Current Combined Net Rental income - £111,097 pax
(Full detailed schedule available upon request)
Tenure - Leasehold - Each of the 2 property addresses are held on separate long leasehold titles for 199-years from 2015.
(N.b Freehold may also be available to include 2 x commercial units of 13 & 14 Well Hall Parade)
Price - Guide Price £1,100,000 subject to contract (9.7% Net Yield)
Anti-Money Laundering - Due to the recent changes in the Anti money laundering regulations, it is now standard procedure to undertake a Personal and Company general AML checks.
Legal Fees - Each Party to pay their own costs.
Specification
- Arranged as 2 properties
- 2 Bed Self-contained Flat
- 3 x Studios & 7 x Double ensuite
- Fully Let
- Next to Eltham Station
- Excellent Condition
- Net Income £111,097 pax
- £1,100,00 (9.7% net yield)