LOT 2 · COMMERCIAL PROPERTY
221 Rye Lane
London, SE15 4TP
Property description
The property comprises a single story commercial shop situated on a busy mixed use paraded, offered with the potential build a five storey 11 room hotel. (Subject to Obtaining All Relevant Consents). The property was previously leased to Tasty African Restaurant Limited for £30,000 per annum.
We have been advised that there is further income potential by way of 'pop up' advertising on the hoarding whilst under development currently offering £26,000 per annum. Potential for re letting during development with a combined ERV of £56,000 per Annum.
Accommodation
Ground Floor
Single Story Retail Unit
Location
The property is located in a popular mixed use area with nearby multiples within close proximity. Transport links are provided by Peckham Rye rail station.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 7.6%
- Net yield
- 7.6%
- Annual income
- £30,000
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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