Epic Freehold Multi Unit Freehold HMO & Self Contained Flats

The opportunity is to acquire the freehold of a fully refurbished, modern multi-unit residential block in an excellent location. The property consists of 6 x One-Bedroom Apartments and 2 x Multi Let/ HMO Units comprising 8 Bedrooms and 2 Studios and generates £168,900 per annum.

The property is located a 1-minute walk to the mainline DLR station, Elverson Road. The incoming purchaser will be acquiring an up and running low maintenance, hands-free, low input investment at an excellent yield of in excess of 5.1%, for a long term return on capital, and also with the potential for capital appreciation.

Located a 200 m distance of Elverson Road DLR Station, a mainline station with direct links to both Lewisham, Canary Wharf, the CIty, and Beyond. Also within a 5-minute walk of Lewisham centre.

The property is a former pub that was fully refurbished and extended and consists of a five-story multi-unit freehold block. The accommodation is fully let on standard assured shorthold (AST) tenancies with a consistent 100% occupancy and very low tenant turnover. The tenants are handpicked and respectful working professionals.

The current owner bought this property as a run-down pub in Autumn 2010, operating under a private landlord with very little custom and so the brewery owner was keen to sell this freehold along with many more loss-making pubs across the country.

The new owner then split the garden off and built 7 new build flats; Vantage Apartments, which have since been sold off.

Planning was then granted to turn floors 1&2 into a 10 unit HMO with the addition of a mansard roof with 2 self-contained flats and a full side extension to the property plus a reduced dig of the pub cellar basement.

Subsequent planning permission was then granted to convert the pub ground floor and basement into 4 additional self-contained flats.