65a Atlantic Road, London

Description

Comprises a ground floor salon let on a new 10 year lease. Forms part of an established local parade. Located 450m from Brixton Underground Station in a densely populated suburb. Short distance from Brixton Village Market. The property forms part of a larger building, the remainder of which is not included in the sale.

Accommodation

Ground floor salon

Location

Brixton is a densely populated suburb of South West London, approximately 2 miles south of Central London and 4 miles north of Streatham. The property is situated on the east side of Atlantic Road, close to its junction with Coldharbour Lane, approximately 450m from Brixton Underground Station and a short distance from Brixton Village Market.

Tenure / Property Information

Investment Analysis

The £205,000–£215,000 guide cannot be independently supported from the supplied evidence. The three £4.64m 2018 sold records appear to relate to larger properties and are not sufficiently specific for valuing this ground-floor salon. The £115,000 2014 sale is dated and also lacks sufficient detail. No rent, passing-income evidence or yield comparable is supplied, so an income-based valuation and maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Treat only as a potential long-term commercial income investment, subject to verification of the passing rent, tenant covenant, lease terms and all auction costs. Do not bid solely on the supplied evidence.

Works Required

No refurbishment works are evidenced. Before bidding, review the new 10-year occupational lease, the 250-year head lease terms, completion conditions, title plan, service-charge liabilities and special conditions. No works allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because there is no evidenced rent, refurbishment budget, GDV or refinance valuation. The long lease and peppercorn ground rent are potentially relevant, but the occupational lease and title documentation must be reviewed before relying on them.

Buy-to-Let Analysis

The property is let on a new 10-year lease, but no rent, rent review structure, tenant covenant information or rent comparable is supplied. Consequently, rental income and gross yield cannot be established. The £4,200 inclusive buyer premium is known, but other charges may apply.

Flip Analysis

A flip analysis is not supportable. No specific GDV, refurbishment cost, selling allowance or sufficiently comparable completed sale is available. The property is also sold with a new 10-year occupational lease, which may constrain resale flexibility.

Investor Risks & Due Diligence

• Passing rent and lease rent-review terms are not supplied, preventing income and yield analysis.

• Tenant covenant, lease obligations and occupational lease documentation are not supplied.

• Additional seller or third-party charges may apply under the special conditions or addendum.

• The property forms part of a larger building and the remainder is excluded from the sale.

• The supplied sold comparables are either materially dated or appear insufficiently specific for this property.

• No EPC, condition information or refurbishment cost evidence is supplied.

Recommendation

Treat only as a potential long-term commercial income investment, subject to verification of the passing rent, tenant covenant, lease terms and all auction costs. Do not bid solely on the supplied evidence.

Strategy Rating

Analysis Confidence

The evidence confirms the property type, tenure, occupancy description, guide range and buyer premium, but omits rent, lease economics, valuation evidence, condition, EPC and other potentially material costs.