London, various postcodes | Investment Property for Sale | VES-SW17-003

Opportunity to purchase a 3 unit portfolio in London generating £64,200 rent pa and a gross yield of 4%

£1,600,000

3-unit Portfolio

VES-SW17-003

INITIAL INVESTMENT

£502,500

Based on

deposit: £400,000

stamp duty: £98,000

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£64,200

GROSS YIELD

4.0%

ADD TO FAVOURITES

The portfolio

TENURE

Share of Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,543

PRICE SQ FT

£629

Portfolio information

  • Fully tenanted
  • Consisting of 3 flats:
    • 1 x 3-bed
    • 2 x 2-bed
  • 2 of the flats are sold with their Freehold, they are located in the same building
  • 1 flat is sold with a Share of Freehold
  • Located in Streatham and Tooting, London
  • Aggregate monthly rental income: £5,350
  • Aggregate annual rental income: £64,200

Notes

The vendor is open to selling these flats individually too.

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 Streatham and Tooting, London

Streatham

Streatham is district in south London, with most of it located in the London Borough of Lambeth and some parts in LB of Wandsworth and LB of Croydon. It lies around 5 miles south of Charing Cross and is identified in the London Plan as one of 35 major centres in Greater London.

Streatham is well connected for drivers as the A23 goes through Streatham connecting it with Brighton as well as Gatwick airport. There is no London Underground station in Streatham, the nearest tube stations are Tooting Broadway and Tooting Bec. However, Streatham Hill train station runs regular trains to Victoria Station via Balham, Wandsworth Common, Clapham Junction and Battersea Park. Another route calls at West Norwood, Gipsy Hill and Crystal Palace, whilst some trains continue to Sutton. Streatham’s other railway station, which is located on Streatham High Road, runs Southern train services between London Bridge and West Croydon and Thameslink services north to St Albans via London Blackfriars and St Pancras, and south to Wimbledon and Sutton. Both stations are located in travel zone 3. There are also numerous bus routes going through the area with destinations such as Liverpool Street, Westminster, Oxford Circus and Marble Arch.

In 2011 Streatham was awarded £300,000 from Round One of The Mayor’s Outer London Fund and a further £1.6m from Round Two, which was matched by £1m from Lambeth. The money has helped reopen Tudor Hall building behind Streatham library, providing a new performance space in the area, it helped refurbish Tate Library, provided financial support for the annual Streatham Festival, enabled improved public spaces, provide make-overs to building frontages as well as support local businesses.

In 2013 a new £26m ice rink and leisure centre complex opened to the public. This is part of a wider project which will also include 250 new homes, a new bus interchange, a new Tesco Extra, underground parking as well as public areas. The project is jointly funded by Lambeth Council and Tesco and will have provided almost 1,000 jobs.

Streatham High Street offers many independent and well-known high street shops as well as numerous restaurants and bars to explore. For anyone looking for nature Streatham Common is the perfect place. It is a large open space perfect for walking or summer picnics. There is an annual kite festival and the lawns of The Rookery, a formal garden, are used as an open-air cinema in the summer months.

Tooting

Tooting is a district in South London and mainly located in the London Borough of Wandsworth and partially in the London Borough of Merton. It is about 5 miles south-west of Charing Cross.

Tooting is on the Northern line of the London Underground and has two stations, Tooting Bec and Tooting Broadway. Tooting railway station is on the Sutton Loop Line and runs Thameslink services. It goes south to Sutton via Wimbledon and north to Farringdon, Kings Cross St Pancras and Luton. All three stations are in Travelcard Zone 3. There are several bus routes which go through Tooting linking it to Central London, Croydon, Sutton and Kingston.

The area is great for foodies with a growing number of gastropubs offering the best in modern dining, as well as numerous south Asian restaurants. Tooting Market also has several eateries as well as shops selling vintage clothes, furniture and African art. Broadway Market is one of London’s largest indoor markets offering a variety of food stalls, fresh produce, clothes, homewares and more. Both markets are open on weekdays, with Saturday’s being the busiest day.

Tooting boasts two commons, Tooting Bec Common and Tooting Graveney Common. Both are recognised as a Site of Metropolitan importance for Greater London as they include several rare wildlife habitats. Tooting Bec lido is located here, a grade II-listed art deco swimming pool and England’s largest freshwater swimming pool.

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