Nasmith Court Bermondsey | Off Market Residential Property For Sale

by Paul Holmes | Dec 30, 2022 | UK Investment Property, Off Market Property, Off Market Residential Property

Freehold residential block for sale as a whole. The property was constructed in 2000 and comprises 15 residential flats over upper ground, first, second and third floors.
The flats range in size from 377 to 893 sq ft with a total residential area of 8,986 sq ft of accommodation.
The building has a gated entrance to the central courtyard on Old Jamaica Road, as well as a key code entrance into the communal areas from Abbey Street. Parking for 5 cars and a cycle store are available in the courtyard.
There is an additional 1,938 sq ft of F1 accommodation on the lower ground floor accessed via the residential entrances. This is currently being used as storage space and has potential for the development of an additional accessible 2 bedroom apartment plus storage space.
The majority of the flats are currently let on standard ASTs on 12 month contracts with 6 months break clauses.