Savills flat SOLD

Dilhorne Close, Baring Road, London, SE12 0DA

£30,000 Score 4.5/10

Description

Freehold ground rent and garage invest (19 flats & 18 garages). 14 of the garages have been sold off on long lease - 4 garages in direct ownership. 4 garages on quarterly licence agreements. Potential to sell off the 4 garages on a long leasehold interest. Possible future development potential. Possible demolition of some of the garages & re-development (subject to requisite consents & buying back in the leasehold interest of the garages). Car parking income potential on the roadways. Investment let at £7, 280 p.a. (24.26% GIY on guide)

Opportunities

Development potential
Extension/HMO potential
Title split (19 units)

Lot details

Freehold ground rent and garage invest (19 flats & 18 garages)
14 of the garages have been sold off on long lease - 4 garages in direct ownership
4 garages on quarterly licence agreements
Potential to sell off the 4 garages on a long leasehold interest
Possible future development potential
Possible demolition of some of the garages & re-development (subject to requisite consents & buying back in the leasehold interest of the garages)

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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.