Property photos
Offers over
£1,050,000
(£306.66/sq. ft)
Property for sale
4 Robert Court, Sternhall Lane, Peckham, London SE15Local area information
Property location
Nearby amenities
- Bellenden Primary School 0.1 miles
- Rye Oak Primary School 0.2 miles
- Peckham Rye 0.3 miles
- Nunhead 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Peckham, Nunhead and East Dulwich to find out more about the local area.
Features and description
- Freehold
- Freehold Nursery & Residential Ground Rent Investment
- Freehold ground floor nursery premises of 3,424 sq. Ft gia with 11 residential flats above sold off on individual long leasehold interests. The commercial unit has use of 4 private car parking spaces
- Nursery premises occupied by Sunhill Day Nursery which forms part of The Old Station Nursery Group, who have 78 nurseries across England and a £55m turnover, and represent an attractive covenant strength
- Let to Sunhill Daycare (Europe) Limited on a 15-year term expiring 13th November 2034, subject to a mutual break option at 3rd November 2029 at a passing rent of £87,000 per annum reflecting £25.41 per sq. Ft based on the gia, subject to review in November 2029 in line with rpi (uncapped)
- Agreement in place to increase the rent to £92,989 per annum subject to completion of a schedule of lessor’s works, if implemented
- The 11 flats across the upper floors have been sold off on 125 year long leases from 24th June 2007 (107 years unexpired) with ground rents reserved of £2,200 per annum, doubling in 2032
- Combined rents reserved of £89,200 per annum
Robert Court is a part 3 part 4-storey mixed-use block constructed in 2008 (planning application 04/ap/1283) comprising a self-contained commercial unit at ground floor level and 11 flats over the upper floors accessed via a separate residential entrance. There is also a small rear car park accessed via an undercroft driveway at one end of the block.
The commercial unit is fitted out and occupied in nursery use benefiting from extensive and active frontage along Sternhall Lane. The premises offers flexible and versatile accommodation with five separate double access doors into the unit from the street allowing for ease of future sub-division if ever required.
The premises is fitted with a range of classroom and soft play areas through the space, with two fitted and partitioned kitchen areas and fitted WCs (6 cubicles) for children and a further staff WC.
There are 4 car parking spaces demised to the commercial unit, with the balance demised to the flats.
Location
The property is located in south London in Peckham, within the London Borough of Southwark. Situated on the north side of Sternhall Lane close to its junction with Rye Lane, the property is close to a range of neighbouring household names such as Tesco, Anytime Fitness, Barclays Bank, and McDonalds, alongside a roster of local independent shops, cafes, and restaurants. The property is located a short walk from Peckham Rye Park and Common.
The area is well served by public transport with Peckham Rye station being 300m to the north (6 minute walk) providing access to the Windrush Line on the Overground network, and National Rail services, providing links to Victoria, Blackfriars, Clapham Junction, and London Bridge stations. Nunhead and East Dulwich are also within walking distance, both providing access to the National Rail network.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
Strettons City & City Fringe Commercial Agency
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Property descriptions and related information displayed on this page are marketing materials provided by - Strettons City & City Fringe Commercial Agency. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Strettons City & City Fringe Commercial Agency for full details and further information.