London, SE16 2UH | Investment Property for Sale | VES-SE16-002

Opportunity to purchase an apartment in London generating £15,000 rent pa & gross yield of 4.3%

£350,000

Apartment

VES-SE16-002

INITIAL INVESTMENT

£100,500

Based on

deposit: £87,500

stamp duty: £10,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£15,000

GROSS YIELD

4.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£1,603

1 bedroom

1 bathroom

1 reception room

556

Unfurnished

Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.

Leasehold information

  • Ground rent: NIL
  • Length of lease: tbc
  • Year lease started: tbc
  • Years left on lease: 106

Property information

  • Pub to residential conversion
  • Located on the first floor
  • Open plan kitchen/reception room
  • EPC rating D
  • Monthly rental income £1,250

Location information

  • Southwark Park is just around the corner of the property
  • Both Surrey Quays and Canada Water stations can be reached within a 5-minute walk
  • The amenities of Surrey Quays Shopping Centre are also only a short walk from the property

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Tenancy

RENT

£15,000 p.a. / £1,250 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

15 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About London Borough of Southwark, South London

The London Borough (LB) of Southwark is in south London on the River Thames and is the oldest part of south London.

Southwark borders with the City of London and the LB of Tower Hamlets in the north, the LB of Lambeth in the west, the LB of Lewisham to the east and the LB of Bromley in the south.

The borough has very good transport connections with several bridges and tunnels crossing the river Thames, several A-road leading through as well as access to the underground lines for Bakerloo, Jubilee and Northern Line servicing 7 stations. There are also 6 London Overground stations as well as 12 railway stations and 4 Thames Clippers riverbus piers within the borough.

One can find many famous landmarks located within Southwark too including Tower Bridge, Millennium Bridge, London Bridge, The Shard, the Tate Modern art gallery, Shakespeare’s Globe Theatre, the Imperial War Museum, City Hall and Borough Market to name a few.

There are around 610 acres of public parkland in the LB of Southwark which are made up of over 130 green spaces including Dulwich and Southwark Park as well as many sports grounds and squares.

The area is also home to a number of educational establishments such as the London South Bank University with its main site in Elephant and Castle, the University of Arts London which has 2 colleges in the borough. Europe’s largest university teaching hospital King’s College London is also located in Southwark at the Guy’s Hospital site, merging the teach of Guy’s, St Thomas’ and King’s College Hospitals.

Orange Place,

London,

Greater London,

England,

SE16 2UH

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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