7 bedroom block of apartments for sale

A rare opportunity to acquire a mid-terrace, mixed-use building arranged over ground and two upper floors, consisting of a commercial unit on the ground floor, trading as a franchise operator of Cake Box, a ground floor flat and 2 upper floor flats

Each flat has undergone significant refurbishment, offering a turnkey investment opportunity in a sought-after Brixton location. The area provides excellent transport links, vibrant cultural attractions, and a diverse local community.

• Flat A A stylish 3-bedroom duplex unit featuring an open-plan living area with a modern kitchen, contemporary bathroom and patio garden. There is scope to further develop this flat
• Flat B A bright and airy 2-bedroom apartment with a spacious living/dining area, a fully fitted kitchen, and a sleek bathroom.
• Flat C A well-appointed 2-bedroom flat with an open-plan kitchen/living space and a modern bathroom, designed for comfortable urban living. There is precedence to create a rooftop terrace.

Brixton is a London Underground station on Brixton Road in Brixton in the London Borough of Lambeth. It is the southern terminus of the Victoria line and the next station towards north is Stockwell. The station is known to have the largest London Underground roundel on the network. Brixton Market comprises a street market in the centre of Brixton, south London, and the adjacent covered market areas in nearby arcades; Reliance Arcade, Market Row and Granville Arcade. The market sells a wide range of foods and goods but is best known for its African and Caribbean produce, which reflect the diverse community of Brixton and surrounding areas of Lambeth

User:
We believe the premises fall under Class E & C3 use of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020, however interested parties should confirm this with the Local Authority.

Local Authority:
London Borough of Lambeth.

EPC:
The property has Energy Performance Certificates with the following ratings:
Commercial Unit: B (39)
Flat A: E (47)
Flat B: D (59)
Flat C: E (54)

VAT:
The property has not been elected for VAT purposes.

Legal:
Each party to bear its own legal costs.

AML:
In accordance with Anti-Money Laundering Regulations, we shall require additional
information from the purchaser/tenants so that an online verification can be undertaken.

Accommodation & Tenancy Schedule:
The property offers the following (NIA) approximate dimensions;


FloorDescriptionTenantLease expirySqmSqFtIncome













Ground floorCommercialCake Box Franchisee24/02/203176.18820.00 20,000.00Ground/1stRear Duplex - 3B MaisonetteIndividual30/06/202572.93785.00 33,120.001stFFF - 2B FlatIndividual31/03/202572.00775.00 25,200.002ndSFF - 2B flatIndividual28/2/202655.46597.00 25,164.00













TOTAL


276.572977.00103,484







Tenure:
Freehold subject to the existing tenancies.

Terms:
Offers are invited in the region of 1,700,000 for the property subject to the existing tenancies. A purchase at this level provides a NIY of 5.75% after allowing for purchasers standard cost at 5.88%.

Service Charge:
To be confirmed.