1&1A Richborne terrace, London, SW8 1AS
On the instructions of the Law of Property Act Receiver, Paul Zalkin of Quantuma Advisory Ltd
Hilco Global Real Estate Advisory are instructed to dispose of a Freehold House and Studio Office investment currently producing c. £60,000 pa.
Richborne Terrace is an attractive residential road closed to through traffic, lying approximately ¼ mile to the south west of the Oval cricket ground. The area benefits from excellent public transport with both Vauxhall (Mainland and Victoria Line) and Oval (Northern Line) stations being within short walking distance.
A new build two-bedroom mews style house with a self-contained basement studio office. The house is planned over ground and first floors with a timber roof terrace above.
The accommodation extends to the following gross internal areas:
Freehold, subject to the following tenancies:
The residential unit is let on an AST at £3,033.33 pcm
The studio office is currently producing £2,000 pcm, discounted from the specified licence fee of £2,500 pcm.
Residential – Energy Rating B
Studio Office – Energy Rating B
Council Tax / Business Rates
Council Tax – Band F
Business Rates – TBC
The property forms part of a larger scheme which was granted planning consent in 2015 to include studio office (B1) floorspace.
Further information can be found on Lambeth Council’s planning portal.
Each party is to bear their own legal costs.
We understand that the property is not elected for VAT.
Offers in excess of £1,000,000
Further information is available via the sole agents, Hilco Global Real Estate Advisory.