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Ground floor long leashold investment

London, United KingdomUnlock address

87%

£7.000.000

Retail

#33896

Core+

4 Mar 2024

Property Details

Broker

For sale

18,939 sq.ft.

1,759 m²

GIA

369 £/sq.ft.

3,979 £/m²

7.00 %

4

Leasehold

991

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Well-presented purpose-built residential block with four convenience- based retail units across the ground floor comprising 18,939 sq ft GIA. The property benefits from a highly prominent location, along Streatham Hill with a wide glazed frontage spanning approximately 310 ft. Fully let convenience-led scheme with 100% of income secured to well-established, national multiple retailers. Total current income of £522,597 per annum (£27.59 psf). WAULT of 6.7 years to break and expiry. Class E planning consent, formerly Open A1 including Food. A1 and A3 planning consent for Starbucks, Unit 2. Held Long Leasehold for a term of 999 years to 28th June 3016.