Investment Summary

The Hermitage, Lewisham Hill Road, Lewisham

  • Short dated residential freehold reversion
  • 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

 

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