Sold, Garage 

Lawrie Park Crescent, London

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Features

  • Auction Date: 21st – 22nd November 2018
  • Single lock up garage
  • Brick construction
  • Popular residential location
  • Long leasehold
  • 148 years remaining
  • No ground rent payable

Address

Garage 3, No 8 Lawrie Park CrescentLondonSE26 6HE
Details
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Property Details

•For Sale By Online Auction: 21st – 22nd November 2018
•Guide Price: £12,500+
•Single lock up garage
•Sold with vacant possession
•Potential income of £1,440 per annum
•Long leasehold

The brick built garage is to be sold with vacant possession. However, we are informed by the vendor there are contents within the garage that will be removed prior to completion.

The garage is situated off Lawrie Park Crescent in Sydenham.

Sydenham is a district within the south east London Boroughs of Lewisham, Bromley and Southwark. London is approximately 7.2 miles to the north west of Sydenham with easy access via the A202.

Tenure

Long leasehold – 199 years from 25.12.1967 (148 years remaining)

Inestment Analysis

It is envisaged a garage of this size in this location can be rented for £1,440 pa, This represents a gross yield of 11.52%

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£3,000 inc. VAT.

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Investment Analysis

It is envisaged a garage of this size in this location can be rented for £1,200 pa, This represents a gross yield of 9.6%

Location Map

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