E class investment property for sale in Brixton

This property is marketed by:
Willmotts Chartered Surveyors

A rare opportunity to acquire a mid-terrace building arranged over ground and two upper floors, consisting of a commercial unit on the ground floor, trading as a franchise operator of Cake Box. The 3 flats above have been sold off.

Location

Brixton is a London Underground station on Brixton Road in Brixton in the London Borough of Lambeth. It is the southern terminus of the Victoria line and the next station towards north is Stockwell. The station is known to have the largest London Underground roundel on the network. Brixton Market comprises a street market in the centre of Brixton, south London, and the adjacent covered market areas in nearby arcades; Reliance Arcade, Market Row and Granville Arcade. The market sells a wide range of foods and goods but is best known for its African and Caribbean produce, which reflect the diverse community of Brixton and surrounding areas of Lambeth.

Tenure

Long leasehold subject to the existing tenancy. A new 999 year lease will be provided on a peppercorn ground rent.

Terms

Offers in the region of £320,000 for the property are invited, subject to the existing tenancy.

A purchase at this level provides a NIY of 6.06% after allowing for purchasers standard cost at 3.22%.