Overview
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Description
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Rare opportunity to acquire this mixed use building which has been in the same ownership for approximately 50 years. The building facing Birkbeck Rd is a house converted into 3 good condition, self-contained flats, all let by way of AST's. 44 Birkbeck Rd, 2 bed £1200 per calendar month expires 17.8.23 (Rent to be increased from 18.8.23 to £1350 pcm) , 46 Birkbeck Rd, 2 bedrooms, £1600 per calendar month, tenancy agreement expires 31.5.24. 48 Birkbeck Road, 1 bedroom front door access onto Birkbeck Road, £1500 per calendar month, expires Jan 2024. Total income of £4300 pcm, but we feel there is potential to increase this figure.
From Birkbeck Rd the commercial element of the building is accessed by a courtyard garden with doors onto both the entrance hallway and the retail showroom. The building is made up of various rooms utilised for the framing business in occupation over 2 floors totalling 3000 sq.ft. approx.
To be sold with vacant possession on the commercial element and benefitting from the AST's on the residential element.
Our clients have employed a very competent local architect's practice to draw up a scheme for 5, 1 bed apartments within the commercial element of the building. Plans available upon request.
Sale by way of a share sale of a limited company whose only asset is this building.
Summary
Key points
Contact
Paul Simon Seaton Commercial
Tel: 0208 800 4321
Sam Hall
secretary@psscommercial.com
http://www.psscommercial.com/
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- Paul Simon Seaton Commercial
