Floorplans
An excellent opportunity to acquire the freehold of a well-positioned mixed-use, double fronted building, comprising a ground floor commercial unit and two residential apartments above. The ground floor commercial space is included in the freehold and currently occupied under a lease that is holding over from a five-year agreement dating back to 2017, offering flexibility for vacant possession or the negotiation of a new lease agreement with a revised premium.
The two upper floors house self-contained residential apartments which are privately owned and held on long leases, each with 87 years remaining. These leases present future added value potential, as upcoming lease extensions are likely to generate a premium for the freeholder. Both leases stipulate a ground rent of £100 per annum until 2037, after which the rent escalates in accordance with the terms set out in the lease. Leaseholders are also responsible for a fair proportion of annual maintenance costs, further supporting the investment appeal of the asset.
Located in a desirable area with strong rental demand and excellent transport links, this property presents multiple income streams and the potential for strategic value enhancement through lease negotiations, asset management, or re-letting the commercial space.
Property details
- Auction Date 22nd October 2025
- Freehold interest including commercial unit and reversionary value in two residential leases
- Ground floor commercial unit currently holding over from 5-year lease (2017) – potential for new lease or vacant possession
- Two residential apartments held on leases with 87 years remaining
- Ground rent of £100 p.a. per apartment until 2037, with future escalation
- Leaseholders contribute a fair share of maintenance costs
An excellent opportunity to acquire the freehold of a well-positioned mixed-use, double fronted building, comprising a ground floor commercial unit and two residential apartments above. The ground floor commercial space is included in the freehold and currently occupied under a lease that is holding over from a five-year agreement dating back to 2017, offering flexibility for vacant possession or the negotiation of a new lease agreement with a revised premium.
The two upper floors house self-contained residential apartments which are privately owned and held on long leases, each with 87 years remaining. These leases present future added value potential, as upcoming lease extensions are likely to generate a premium for the freeholder. Both leases stipulate a ground rent of £100 per annum until 2037, after which the rent escalates in accordance with the terms set out in the lease. Leaseholders are also responsible for a fair proportion of annual maintenance costs, further supporting the investment appeal of the asset.
Located in a desirable area with strong rental demand and excellent transport links, this property presents multiple income streams and the potential for strategic value enhancement through lease negotiations, asset management, or re-letting the commercial space.
