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Contact Property Investors App

Property Investors App

Posting for 2+ years
Email

London - 15% Below Market Value off Current Development - Click for more info

Streatham Common, London

£1,725,000.00

Property Investors App

Posting for 2+ years

See all ads

Contact Property Investors App


propertyinvestorsapp.co.uk

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Posted
2 hours ago
Seller Type
Agency
Property Type
Flat
Number Of Bedrooms
4

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

15% Below Market Value off Current Development

34% Off Gross Development Value

Freehold Block Of Apartments

4 x Apartments + Freehold & Further Development Opportunity

Lewin Road, Streatham, London, SW16 6JR

Gross Development Value = £2,625,000

Market Value = £2,025,000 +

Purchase Price = £1,725,000

Finder’s Fee = £25,000 + Vat

Current Gross Income =

£1,508 pcm = £18,096 per annum

For a limited time only, we have managed to secure a freehold block of apartments in a prime London location.

The property consists of :

2 x 2 Bedroom Apartments
1 x 1 Bedroom Apartment
1 x Studio Flat
Large 1100 sq ft Basement (with planning in place to convert into a 2 bedroom apartment)
Freehold of the whole building
Originally there were 5 apartments in the building, and 1 apartment has been sold off privately on a 125 year lease.

There has been a recent RICS valuation on the building of £1,950,000 for the 4 flats and an additional £120,000 for the freehold of the building.

If you were to develop the basement, we envisage a development cost of circa £250 per sq ft, calculating as £275,000. However we believe the value of this flat would then be worth within the region of £600,000

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1413744540


Disclaimer

This advertisement and the information related to it are provided and maintained by the advertiser. Gumtree.com is not responsible and can not guarantee the accuracy or completeness of this advertisement. Please note that every advertisement for rent or for sale should at a minimum, display the energy performance rating of the property. See our Flats and Housing Posting Rules for more information.

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