An opportunity to acquire a well yielded (c.8.5%) freehold commercial investment including two-retail units that are fully let producing £36,000pa along with the freehold title for a mixed-use block in Catford, where 4x of the 6x flats above have 61-year underleases where there is opportunity to benefit from future potential lease extension premiums. The two commercial units are currently on 10-year leases until 2035 with rent reviews due in 2030, and all 6x flats above are sold off on long leaseholds.
Brendan Kennedy
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