Acre Lane, SW2 - Guide Price £830,000
Total Income £47,600 pa. Producing initial yield of approximately 5.75%. Total area approximately 175 sq m/1883sq ft An Unbroken Mixed Use Freehold Site located on the well established prime corner site of Acre Lane and Solon Road, Brixton. Shop : Occupied by Brewers : Ground Floor there is a large shop with rear storage room, rear access, and lower ground floor with separate office, kitchen and w.c. area (94 sq m / 1011 sq ft approx.) The current rent is £20,000 pa on a new 10 year FRI lease inside the provision of the Landlords and Tenants Act 1954 Flat : Upstairs there is 3 bedroom split level apartment ( 81sq m/872sq ft) with private side access currently let on an Assured Shorthold Tenancy from 22/8/2019 for 2 years at a current rent of £27,600 pa. Brixton Station is approximately half a mile away as well as numerous bus services being close by. For more information please contact Ian Browne on 0208 466 9101.
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