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106-108 Denmark Hill, London
Details
Description
GRADE II LISTED INCOME PRODUCING MIXED-USE INVESTMENT OPPORTUNITY IN SOUTH LONDON
The property comprises of a ground floor high street retail unit let to a vintage clothing store, a vacant commercial unit in the basement, an adjacent kiosk and 3 residential apartments 2 of which are sold off on long leases with 60 and 87 years remaining. The remaining 1-Bed flat is let on a periodic tenancy. There are two rent reviews for the ground floor retail unit on 24th December 2027 and 24th December 2030.
Location
The subject property occupies a prominent position on Denmark Hill just 7-mins walking from Denmark Hill Station , providing direct services to London Victoria (9 mins), Blackfriars (11 mins), St Pancras International (29 mins) and the City, together with London Overground connections across South London.
The surrounding area has experienced continued investment and regeneration, supported by the presence of major institutions including King’s College Hospital and King’s College London. Nearby Brixton, Peckham and Elephant & Castle provide further retail, leisure and residential growth, underpinning strong occupier demand across the area.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| basement | 497 | 46.17 | On Application | Available |
| g | 424 | 39.39 | On Application | Available |
| g Rear | 507 | 47.10 | On Application | Available |
| g Kiosk | 140 | 13.01 | On Application | Available |
| Total | 1,568 | 145.67 |
Features
- Situated on Denmark Hill, within 0.4 miles of London Overground Denmark Hill station, benefiting from a well-connected South London location.
- The property is Grade II listed and comprises of a high street retail unit, an adjacent kiosk, a vacant basements and 3 residential apartments
- Commercial retail unit let on a 12-year lease to Stuart Palmer (TTFN Vintage), which expires in December 2033, currently producing £22,000 per annum. There are rent reviews on 24/12/27 and 24/12/30 before the lease expires in 2033.
- The kiosk adjacent to the building produces £10,400 per annum and is let to Kadasamy Balendran on a 15 year lease which expires December 2039.
- The residential 1-bed flat measures at circa 500 sq ft, currently producing £18,000 per annum.
- Guide Price - £650,000 (Six Hundred and Fifty Thousand Pounds) reflecting a 7.77% Gross Yield.
Materials
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