78-79 Grange Road, London, SE1 3BW
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Read more Read moreFlat 78A click here for virtual tour Flat 78B click here for virtual tour Flat 79A click here for virtual tour A mid terrace property comprising of a double fronted commercial unit at ground floor and 3 x flats The ground floor is let on a new 15 year lease to Medivet at £27,630 p.a. The uppers (1st & 2nd floors) comprise a split level 1- bed flat (79A) that is currently vacant (£21,000 p.a. ERV). There is Development potential to re arrange the internal configuration of the vacant one bed flat to create a two-bedroom flat, also potential to extend the existing property to increase the existing floor plate and/or add an additional floor to create extra dwellings (subject to the requisite consents) The 2 x 2 bed apartments (78A & 78B) that are both let on AST agreements. Flats are producing a combined income of £50,700 p.a. The ground floor tenant - Medivet was founded in 1987 and now operates from over 350 branches across the UK. In 2021, CVC Capital Partners acquired Medivet for in excess of £1bn (www.medivet.co.uk)
