6 bed terraced house for sale

Earls Court Road, London SW5

Rental Investment Opportunity

Mixed Use Freehold containing commercial premises on ground and lower ground and three upper floors of residential.

The commercial unit is currently rented to Smoke and Pepper a renowned restaurant chain with 21 additional franchises across the UK. They pay an annual rent of £70,000 and are only 7 months into a 10-year tenancy. This unit was completely refurbished by the current tenant just before their tenancy began.

The three storeys of residential units contain 3 one-bedroom flats and 3 studios. All are self-contained and rented via TLC Estate Agents. Tenancy agreements available on request. The combined annual rent of these 6 units is currently £109,019.04. The condition of each flat varies but some have been refurbished recently and are all fully compliant. Heating is only electric in each.

The combined rental income is therefore £179,019.04 pa

Buyer to purchase as a going concern without vacant possession

Please call us for a private viewing appointment. Offers to be received in writing by Wednesday 28th October by 12 noon.

Commercial Unit:

Ground and Lower Ground: Currently rented at £70,000 per year on a 10-year lease with a 3-year break clause. Started 7 months ago.

Residential Upper Floors:

1st Floor

Flat 1: Studio. 255 square feet. Fair condition. Currently rented at £1,600/month (£19,200 per year)

Flat 2: One Bed. 240 sq ft. Very good condition. Currently rented at £1,600/month (£19,200 per year)

2nd Floor

Flat 3: One Bed. 323 sq ft. Good condition. Currently rented at £1,609.92/month (£19,319.04 per year)

Flat 4: Studio. 222 sq ft. Fair condition. Currently rented at £1,300/month (£15,600 per year)

3rd Floor

Flat 5: Studio. 283 sq ft. Good condition. Currently rented at £1,500/month (£18,000 per year)

Flat 6: Studio. 277 sq ft. Good condition. Currently rented at £1,475/month (£17,700 per year) * New Tenancy being agreed at an increased rent of £1650/month (19,800 pa)

• Tenure: Freehold
• Ground Rent: N/a
• Service Charge: N / a
• EPC Rating: All available on request
• Council Tax Band: Available on request
• Local Authority: Royal Borough of Kensington & Chelsea

Details are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

TLC Estate Agents are a NAEA & RICS registered agent with Client Money Protection and Members of The Property Ombudsman.