Sold £155,000
- Commercial Property
- Tenure: Long Leasehold. The property will be held on a new 999 year lease at a peppercorn rent.
Call the team on 020 7625 9007 for more information
A Commercial Investment Producing £10,000 per annum
The property comprises a ground floor shop within a mid terrace building arranged over ground and two upper floors.
Tenure
Long Leasehold. The property will be held on a new 999 year lease at a peppercorn rent.
Location
The property is situated on an established parade primarily occupied by local traders in the sought after south west London area of Streatham Common close to shops and amenites. Transport links are provided by Streatham Common rail station which is within walking distance.
Accommodation
Ground Floor Shop Area Separate WC Staff Kitchen
Tenancy
The property is let to Mr Khushmeet Singh trading as SW16 Ltd (a letting agent) on a lease for a term of 25 years from 10 December 2010 at a rent of £10,000 per annum. Reviews every 5 years.
Viewing Details
Commercial premises access during open hours only.
Legal Pack Received
False
Addendum
The lease is not FRI as first published in the catalogue, but is subject to the payment of service charge contributions by the shop lessee.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
