Property Type	Tenure	Price	Location
Mixed Use Rental Investment	Freehold	£2,000,000	London

348 Kennington Lane, London, SE11 5HY

Location

The property is situated in the London district of Kennington. Kennington is a centrally located district lying south of the River Thames close to Vauxhall Bridge. Kennington predominantly lies within the London Borough of Lambeth.

Description

The property currently comprises 6 small single occupancy self-contained flats arranged over 3 floors and a restaurant/retail unit to the ground floor.

 

Tenancies

The property currently makes £74,640 per annum, from the 6 single occupancy dwellings, and an additional 45,000 per annum on an 5 yearly upward only rent review bases, from the Restaurant on the ground and basement floors of the building.  The total rental income is £119,640.

The restaurant is currently let to Capital QSR Limited and is occupied by KFC who have assumed the responsibility for maintaining and redeveloping the restaurant floors, lease details can be provided upon request.

 

Tenure

Freehold.

 

Further Information:

Contact Tom Duckworth on 0161 2172727 or Email: [email protected].