28 apartments in an attractive Art Deco mansion block overlooking Black Heath
1 x 1 bed, 15 x 2 beds, 8 x 3 beds and 4 x 4 beds
Freehold site extending to 0.68 acres (0.28 hectares)
Let to London Borough of Lewisham
Fixed term of 99 years from 25th March 1936, expiring 24th March 2035 (19.75 years unexpired)
Fixed rent of £300 per annum
Offers sought in excess of £2,000,000
Excellent capital growth opportunity with an estimated vacant possession value over £12m
Assuming the Greater London housing market growth (Land Registry HPI) in line with 20 year average (May 1995-May 2015) of 8.31% per annum the total return would be over 17.5% per annum
