H&T Pawnbrokers & 2 Flats, Elephant & Castle, Central London

Property Description

• Freehold Blue-Chip Retail & Residential Investment in Central London.
• Ground floor & basement unit of 1,370 sq ft.
• Upper floors contain 2 residential flats (700 sq ft & 500 sq ft).

Location Description

• Elephant and Castle is a Popular Zone 1 location in Central London, in the London Borough of Southwark.
• The property located in the middle of a busy high street with very good footfall, within a short walking distance from Elephant & Castle and Kennington Underground Tube Stations

Additional Notes

• Ground floor & basement unit let on FRI lease to H&T Pawnbrokers
• Lease until 30^th Jan 2023 at a current rent of £35,000
• 2 bed flat of circa 700 sq ft let on AST producing £15,360 annually (£1,280 pcm)
• 1 bed flat of circa 500 sq ft let on ASP producing £13,140 annually (£1,095 pcm)
• Total rent of £63,500 pa.