3 Ramsden Road, Balham

Investment - Sold

3 Ramsden Road, Balham

Price

£760,000

Rent

£48,200

Description

The property forms part of a mixed use property with a bar on the ground floor, ancillary on the lower ground and two flats in the upper floors. The property is let to Be At One Limited on a new 15 year lease dated 9th December 2014 at a rent of £47,500 per annum effectively on full repairing and insuring terms. The upper floors have been sold off on 125 year leaseholds providing a ground rent of £700 per annum.

Net Initial Yield

6%

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