Opportunity to purchase a freehold property on a busy road in a sought-after location in South West London. The property currently consists of a 1 x 4 bedroom flat and commercial space on the ground floor, both of which are let and produce a combined total of £48,000 p/a.
There are 11 years left to run on the lease for the commercial unit and the 4-bedroom flat is currently let on a 1 month rolling basis. There is a separate entrance to the rear of the property for the residential uppers.
Situated on South Lambeth Road, the property is located within 0.5 miles of Stockwell Station which is on both the Northern and Victoria lines and has a travel time of 11 minutes to London Bridge. Vauxhall Station is also located within 0.5 miles of the property and has a travel time of 15 minutes to St Pancras.
Herbert Morrison Primary school and St Stephen’s Church of England school are both within 0.3 miles of the property and the property is located within a shopping parade playing host to number of amenities including convenience shops and restaurants.