£1,200,000
(£964/sq. ft)
3 bed flat for saleFranciscan Road, London SW17
3 beds
2 baths
1,245 sq. ft
Hometomove
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About this property
Private garden
Off street parking
On street/residents parking
Central heating
Double glazing
Wood floors
Mixed-Use Freehold Investment Opportunity | Franciscan Rd, London, SW17
Offers in Excess of £1,200,000
An exceptional opportunity to acquire a high-yielding, mixed-use freehold property in a prime South West London location. This mid-terrace building comprises a ground-floor commercial unit and two self-contained residential apartments, producing a substantial total income of £63,300 per annum, reflecting a gross initial yield of 5.27%.
Investment Summary
Total Annual Income: £63,300
Commercial Income: £19,500 p.a.
Residential Income: £43,800 p.a.
Tenure: Freehold
Chain Position: Chain Free
The Property
Commercial Unit (Ground Floor):
Currently trading as a builders' office, the ground floor is let on a fresh Full Repairing and Insuring (Fri) lease for a term of 10 years.
Rental Income: £19,500 per annum.
Residential Accommodation (Upper Floors):
Comprising two well-presented flats currently let on 12-month Assured Shorthold Tenancy (AST) agreements.
Flat 1: Achieves £1,650 pcm (£19,800 p.a.) and benefits from a private rear garden.
Flat 2: Achieves £2,000 pcm (£24,000 p.a.).
Flexibility: Vacant possession of the residential units can be provided upon completion if required.
Key Features
Mixed-Use Asset: Diversified income stream from both commercial and residential sectors.
Prime Condition: 1,245 sq ft of well-maintained space featuring central heating throughout.
Outdoor Space: Rare private garden at the rear of Flat 1.
Low Maintenance: Ground floor let on Fri terms, ensuring minimal landlord expenditure.
Location: Situated in a high-footfall area with excellent local amenities and transport links.
Technical Details
Council Tax: Band C (Residential units).
Property Size: Approx. 1,245 sq ft.
Possession: Currently tenanted (Multiple tenancies).
Buyer’s Note: The purchaser is to cover the seller's legal costs and disbursements in this transaction.
This is a rare, high-income-producing asset ideal for portfolio investors. Viewing is highly recommended-contact us today.
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