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COMMERCIAL

Blenheim Mansions, Brixton Hill, London, SW2

Guide Price
£2,350,000
Acorn New Homes, Land & New Homes
PROPERTY TYPE

Mixed Use

SIZE

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Key features

  • Prominent mixed-use freehold building
  • Located in the sought-after area of Brixton SW2
  • Comprising 3 fully let commercial units, 4 flats let on ASTs, a flat subject to a regulated tenancy, 4 ground rents and advertisement board income
  • Currently producing £132,688 per annum, with an ERV of £197,375 per annum
  • Potential for airspace development
  • Guide price: £2,350,000 F/H

Description

The property is arranged as three self-contained commercial units over ground floor, and nine self-contained flats across the three upper floors.

Commercial Units:
There are three self-contained commercial units, arranged over the ground floor, which front Brixton Hill. The units measure circa 551 sqft, 571 sqft, and 491 sqft respectively, and all benefit from 'E' use class. All three are let on commercial leases to: an independent hairdresser, and individual operating a dry cleaners, and The Co-operative Funeralcare respectively.

Residential Units:
In total there are nine self-contained flats arranged across the three upper floors (first, second & third).

Ground Rents:
Four of the flats, which are seperately accessed from the side of the building (on Blenheim Gardens), have been sold off on 125 year long leases. These have all been sold off in recent years, and as such, have considerable terms un-expired. Each unit is subject to a ground rent.

Assured Shorthold Tenancies:
Four of the flats have not been sold, and are let on Assured Shorthold Tenancies to private individuals. All tenants are currently 'holding over', and the passing rents are all below market value. These four flats are accessed from the front of the building (on Brixton Hill) via a separate core, and are all in reasonable condition throughout - providing three bedrooms, a separate kitchen & living room, and a bathroom.

Regulated Tenant:
The remaining flat is subject to a regulated tenancy, and is also a three bedroom unit of the same size and layout as the others let on ASTs. This flat is in need of cosmetic refurbishment.

Advertisement Board:
There is an advertisement board facing the busy Brixton Hill, which is let to Primesight Limited.

Brochures

Brochure 1

Blenheim Mansions, Brixton Hill, London, SW2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brixton Underground Station0.7 miles
  • Brixton Station0.8 miles
  • Herne Hill Station0.8 miles

About the agent

Acorn New Homes, Land & New Homes

9 St. Marks Road Bromley BR2 9HG

Acorn New Homes, Land & New Homes

Established in 1984 as a single, independent estate agency, The Acorn Group, which incorporates Acorn, Langford Russell and John Payne, now spans 40 offices throughout South London, Kent, and Medway. Our highly skilled team is dedicated to providing tailored services to all our clients. We cover a comprehensive range of property services including financial services, chartered surveyors, property management, lease extensions and more.

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

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Disclaimer - Property reference 33847. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acorn New Homes, Land & New Homes. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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