COMMERCIAL PROPERTY
6 Upper Tachbrook Street
London, SW1V 1SH
Rare Freehold Investment with Reversionary Potential
A Well-Located Freehold Mixed-Use Investment Producing £30,000 Per Annum, with Three Residential Freehold Reversions, Including Two Flats with Approximately 61 Years Unexpired.
Property description
The property comprises a freehold mixed-use building with a ground floor shop and basement ancillary accommodation, together with three separately accessed residential flats above, each sold off on a long lease.
The commercial premises extend to approximately 127 sq m (1,367 sq ft), comprising a ground floor sales area of approximately 54.63 sq m (588 sq ft) and basement accommodation of approximately 72.37 sq m (779 sq ft), including storage, a kitchen area and WC facilities. The premises are let on a full repairing and insuring lease producing £30,000 per annum.
The sale includes the freehold reversionary interests in all three residential flats. Flat 1 is held on a lease for 189 years from 30 November 1988, with approximately 151 years unexpired. Flats 2 and 3 are each held on leases for 99 years from 30 November 1988, with approximately 61 years unexpired.
The investment combines an income-producing commercial letting with potential future premiums from extensions of the residential leases.
Accommodation
Ground Floor
Class E Commercial Premises — approximately 588 sq ft (54.63 sq m).
Basement
Ancillary Accommodation Including Kitchen Area and WCs — approximately 779 sq ft (72.37 sq m).
Total Floor Area
Approximately 1,367 sq ft (127 sq m).
Location
The property is situated on Upper Tachbrook Street in Pimlico, close to a range of cafés, restaurants and shops, including Tesco Express, Little Waitrose and Holland & Barrett. The pedestrianised section of Upper Tachbrook Street hosts a daily market offering hot food and fresh produce. Transport links are provided by Victoria rail and underground station and Pimlico underground station, both within walking distance.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 5.5%
- Net yield
- 5.5%
- Annual income
- £30,000
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
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Withdrawn or Pre-Sold Lots
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