Full details for 4 Bedroom End of Terrace For Sale in Greenwich
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Description
This end of terrace property is currently a mix of A1 commercial space, 4-bedrooms maisonette of residential space and significant basement storage space that could be further developed.
The commercial space is on a new 6-year lease, generating £21K p.a. The residential space generates a further 32K p.a. and the storage space £12K p.a. This yield of 8.4% at the asking price is conservative due to the significant potential for improvements through the property that could increase the yield over time.
The current outdoor space includes the potential for off-street parking as the dropped curb is already in place. Other options include a garden office or workshop.
Significant refurbishment potential exist throughout the residential space and the basement storage space could be converted into an independent 1-bed flat and rented out separately from the rest of the property.
The commercial unit’s lease includes an upwards only rent-review in three years’ time, offering further improvement to the yield.
Early viewing is recommended.
EPC Pending
