Gipsy Road, London. SE27 9QY
Opportunity to purchase freehold warehouse building measuring 2,160sqft
Property is rented on 10-year lease to a builders merchant for £20,000pax,expiring in December 2028
Strong location just off Gipsy Road, 0.3 miles from Gipsy Hill station (National Rail) and 1.4 miles from Crystal Palace station (National Rail & Overground)
Site may possess future development potential subject to necessary planning consents being obtained
We are inviting offers in excess of £350,000 for the freehold interest (£162psf), with the benefit of the existing income (5.7% NIY based on GP)
The subject property comprises a part 2 storey and part single storey office/warehouse building extending 2,160sqft. It is located to the rear of a 3 storey building on the North side of Gipsy Road and is accessed via a side road of Hamilton Road. The accommodation is laid out over ground and basement floors.
The property is fully let to Martins Builders & Decorators Ltd on a 10-year lease, expiring in December 2028 and is outside the 1954 L&T Act. The next rent review is due on 13th December 2023.