*Guide | £84,000+ (plus fees)
- Parking
- Tenure: Leasehold. The property is held on a 999 year lease from 26th October 2020 (thus approximately 993 years unexpired).
Call the team on 020 7625 9007 for more information
Twelve Parking Spaces Part Let Producing £10,800 Per Annum (ERV of £15,120 Per Annum). The Current Rent Reflects a Gross Initial Yield of 18% on the ERV.
The lot comprises twelve parking spaces.
Tenure
Leasehold. The property is held on a 999 year lease from 26th October 2020 (thus approximately 993 years unexpired).
Location
The site is situated on a residential road close to local shops and amenities. The open spaces of Lambeth Walk are within easy reach. Transport links are provided by Vauxhall underground station (Victoria line) and rail station.
Parking spaces 5, 6, 7 & 8 are all let to the same tenant under one license.
Further Information
Let bays - 5 Rights/Underlet bays - 5 Vacant bays - 2
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
