LOT 2 · COMMERCIAL PROPERTY
181 Camberwell Road
London, SE5 0HB
A Substantial Former Mixed Use Commercial Building Measuring Approximately 464 sq m (5,000 sq ft) Suitable for A Variety Of Uses. Potential to create a 44 Bedroom Let Accommodation Constructed over ground and four upper floors (Subject to Obtaining All Relevant Consents)
Property description
The property comprised a corner mixed used commercial building arranged over basement, ground and two upper floors. Ground floor and basement
Let to ‘Christ Apostolic Church’ for a term of five years from 6th June 2018. The lease expires in June 2023 and the
rent passing is £60,000 per annum (Holding Over) and First and second floors Let to ‘JC Empreas Ltd’ for a term of four years from 2nd April 2019 until 1st April 2023. The rent passing is £42,000 per annum (Holding Over)
Accommodation
Ground Floor
Former Public House
First Floor
Four Bedrooms
Kitchen
Bathroom and a separate WC
Second Floor
Five Bedrooms
Bathroom and a separate WC
Basement Cold beer store and ancillary storage areas.
Location
The property is located in an area managed by the London Borough of Southwark, about four kilometers (2 ½ miles) southeast of central London (Trafalgar Square). It occupies a prominent corner position at the intersection of Camberwell Road (A215) and New Church Road, within a mixed residential and commercial area. Camberwell Road is lined with numerous shops, bars, and restaurants, and Camberwell Green is just a short walk to the south. Transport links are provided by Oval Underground Station (Northern Line) and Elephant and Castle Underground (Bakerloo and Northern Line)
Exterior
Garage
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 3.9%
- Net yield
- 3.9%
- Annual income
- £60,000
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
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