In Same Family Ownership For Over 50 Years
FREEHOLD RESIDENTIAL INVESTMENT (2 FLATS) - 1 AST & 1 REGULATED TENANCY
Guide price: £650,000 - £670,000
Location & Description
A two storey end of terrace property comprising two flats. The ground floor flat has front door access and the first floor flat is accessed from Fellbrigg Road via a rear staircase.
Within a popular residential area east of the local shops and restaurants on Lordship Lane (A2216). East Dulwich mainline station is about ½ mile away. Peckham Rye Park and Common is within close proximity.
First Floor Flat:
3 rooms, kitchen/diner, bathroom/WC. Share of garden
Subject to a regulated tenancy at a rent of £438.50 pcm (effective 21.05.2015)
Ground Floor Flat:
3 rooms (one with shower cubicle), kitchen/diner, WC (potential to create shower room)
Let on a 12 month AST from 19.10.1998 (holding over) at a current rent of £750 pcm
Front and rear gardens.
EQUIVALENT TO £14,262 p.a.
Sold for £660,000.
Ground Floor Flat: The original term of the AST was 6 months and not as described. There are NEW special conditions as there has been a change to the arrears clause.