Streatham Investment Property For Sale, Lambeth
Gleneldon Road
Streatham
London
SW16
NIA: 11198 sq/ft*
£ 2,600,000
Freehold
Gleneldon Road is located in Streatham in the London Borough of Lambeth. The subject property is situated on the south side of Gleneldon Road and is bounded by residential units on Gleneldon Road to the north and east, by gardens and thereafter residential units to the south, and by Bournevale Road to the west.
The property is easily accessible via public transport. There are a number of bus routes operating on Streatham High Road (A23) and Tooting Bec Road (A214) providing access to the surrounding areas and Central London.
Streatham Railway Station is located approximately 0.26 miles to the south on Streatham High Road (A23), which provides services to London Victoria and London Waterloo. Tooting Bec Underground Station (Northern line) is approximately 1.4 miles to the north west of the subject property. The immediate area is primarily residential and benefits from a range of independent shops, bars and restaurants.
The properties comprise four semi detached Edwardian houses that have been broken up into 30 flats (22 x studios, 7 x 1 beds & 1 x 2 bed) on an assortment of tenancies (1 x Regulated, 1 x assured, 28 x ASTs)
The buildings benefit from a large rear gardens and off street parking.
Rents average £109 pw, Current Local Housing Allowance Rates are £184.62 pw for studios and 1 bedroom apartments and £230.77 pw for 2 bedroom apartments.
Current Income £171k pa Potential ERV £277k pa
Potential Break-up value circa £3.6m
NIA 11,198sq.ft and GEA 13,815sq.ft
All offers should be exclusive of any VAT which may be charged on the purchase price.
Lambeth HMO Investment Property For Sale
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