Auction House UK · 11 Nov 2026 · in 23 days
Twelve Parking Spaces Part Let Producing £10,800 Per Annum (ERV of £15,120 Per Annum). The Current Rent Reflects a Gross Initial Yield of 19% on the ERV
12 Car Parking Spaces at Lollard Street, Lambeth, London, SE11 6PX · London
LiveOtherLeaseholdGuide cut
- Guide
- £80,000was £84,000
- Rent a year
- ≈£7,000est.
- Yield on the guide
- ≈8.8%est.
- Payback
- ≈11 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
Auction House UK hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
- Guide cut from £84,000 to £80,000 (5% lower), 13 Oct 2026.
Auction House UK's record
Auction House UK's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Leasehold commercial lot in Lambeth. Let, but the rent isn't stated on the lot page.
Lot -, Parking. Twelve Parking Spaces Part Let Producing £10,800 Per Annum (ERV of £15,120 Per Annum). The Current Rent Reflects a Gross Initial Yield of 19% on the ERV: The lot comprises twelve parking spaces. Tenure: Leasehold. The property is held on a 999 year lease from 26th October 2020 (thus approximately 993 years unexpired ). Location: The site is situated on a residential road close to local shops and amenities. The open spaces of Lambeth Walk are within easy reach. Transport links are provided by Vauxhall underground station (Victoria line) and rail station. Parking spaces 5, 6, 7 & 8 are all let to the same tenant under one license. Further Information: Let bays - 5 Rights/Underlet bays - 5 Vacant bays - 2. Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.