Semi-commercial property in Forest Hill

Open plan white kitchen, living and dining room

A semi-commercial building was acquired at an auction in 2011. It comprised of a commercial ground floor unit with two 2 bedroom flats over 2 upper floors.

Purchase price £256k

Rent £37k pa

Open market valuation after purchase was £360k

Current unbroken valuation circa £600k and £750k if broken up for sale