142 Newington Butts, London Borough... Residential development for sale

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142 Newington Butts, London Borough... Residential development for sale

142 Newington Butts, London Borough of Southwark, London, SE11
£895,000

Our Summary

  • Located in the vibrant Newington Butts area of SE11, this property offers excellent access to a variety of local amenities and renowned universities, making it an ideal investment opportunity

Description

This freehold block of flats in Elephant and Castle is comprised of three residential units, including two one-bedroom flats and a two-bedroom flat, currently generating £73,788 per annum in rental income. The property is located just 10 minutes' walk from Elephant and Castle Underground Station and offers excellent access to local amenities, universities, and transportation links. The flats have been converted to cater to the business and student market, with one-bedroom flats featuring converted living rooms as additional bedrooms. The vendors are open to offers in the region of £895,000, making it an attractive investment opportunity in a high-demand area with a strong rental yield.