£375,000
Property for sale
Property photos
Under offer
Guide price
£375,000
Property for sale
58 London Road, Forest Hill, London SE23Local area information
Property location
Nearby amenities
- St George's CofE Primary School 0.1 miles
- Forest Hill 0.1 miles
- Rose House Montessori School 0.3 miles
- Honor Oak Park 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Forest Hill, Upper Sydenham and Sydenham to find out more about the local area.
Features and description
- Freehold commercial investment opportunity
- Ground floor unit let to Acorn Estate Agency Group/lrg/Platinum Equity
- Flat above sold off on long lease
- Producing £28,000 pa
- Prominently located on London Road in the heart of Forest Hill
- Guide price £375,000 (7.46% gross yield)
An excellent opportunity to acquire a freehold commercial investment in the popular Forest Hill, comprising a ground and lower ground floor commercial unit measuring 1,597sqft, with residential accommodation above, the latter having been sold off on a long lease, producing a secure and attractive income.
The ground floor commercial/retail unit is let to Acorn Estate Agents part of the Leaders Romans Group (lrg) . Lrg is a well-established national estate agency and property services business owned by Platinum Equity (), so the property benefits from a strong covenant and income security.
The current rent is £27,750 per annum. The premises are held on a 15-year lease to lrg from 1 October 2014. The residential flat above, accessed separately to the side of the commercial unit, has been sold off on a long lease and does not form part of the sale, aside from the benefit of the ground rent income of £250 per annum. The total current income is £28,000 per annum. The property is offered at a guide price of £375,000, reflecting a gross yield of 7.46%.
The ground floor commercial/retail unit is let to Acorn Estate Agents part of the Leaders Romans Group (lrg) . Lrg is a well-established national estate agency and property services business owned by Platinum Equity (), so the property benefits from a strong covenant and income security.
The current rent is £27,750 per annum. The premises are held on a 15-year lease to lrg from 1 October 2014. The residential flat above, accessed separately to the side of the commercial unit, has been sold off on a long lease and does not form part of the sale, aside from the benefit of the ground rent income of £250 per annum. The total current income is £28,000 per annum. The property is offered at a guide price of £375,000, reflecting a gross yield of 7.46%.
Floor plans and tours
Floor plans (1)
More information
Listed by
Acorn - Bromley Commercial
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