Wiseman
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More about this property

Freehold

Located on one of central London's most popular streets, Drury Lane. This is an spectacular investment property situated in a Victorian building in Covent Garden.

The famous Drury Lane is positioned just east of the Covent Garden Piazza where there is a superb selection of restaurants, bars, cafes and designer shops. This exciting area is also home to some of the best theatres in the world, 10 minutes from the River Thames and 320 meters from Covent Garden (Piccadilly Line) and 480m from Holborn (Central Line) underground stations it is ideally placed for transport links to the City and outside of London.

This freehold property consist of three one bedroom flats situated over the 1st, 2nd and 3rd floor, (which are currently tenanted by a mixture of students and professionals) a commercial A3 retail unit situated on the ground and lower ground floor which is currently operating as an Indian restaurant.
The flats are very easily rented as it is centrally located, the rental income that can be achieved on each flat is between £350 to £420 a week and the restaurant below accumulates a rental income of £50,000 per annum.

This is an excellent investment opportunity, for further information or to arrange a viewing please do get in contact with us

Floor Plan 8 Floor Plan 9 Floor Plan 10 Floor Plan 11
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Stamp Duty for Drury Lane, Covent Garden, London, WC2B

Stamp Duty Land Tax

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Total SDLT due

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Letting Fee Information

Reservation Fee - One week's rent.

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys - Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required.

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher).

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the surrender of the tenancy and the re-letting the property