Sold £200,000
- Retail Property (high street)
- Tenure: Long Leasehold. The property is held on a 999 year lease from 18th December 2015 (thus approximately 995 years unexpired).
Call the team on 020 7625 9007 for more information
A Well Located Ground Floor & Basement Lock-Up Shop Let on a 10 Year FRI Lease Producing £16,500 per annum.
The property occupies a prominent corner position within an established parade of shops on the main high street with return frontage on Crewdson Road. The property is arranged as a ground and lower ground floor lock-up shop measuring approximately 59 sq m (640 sq ft).
Tenure
Long Leasehold. The property is held on a 999 year lease from 18th December 2015 (thus approximately 995 years unexpired).
Location
The property is situated in the in the South West London area of Brixton amongst local shops and amenities. As well as numerous local established traders, nearby multiples include William Hill and The Post Office. Transport links are provided by Oval underground station (Northern line).
Accommodation
Lower Ground Floor Basement Room Ground Floor Shop Area
Tenancy
The property is let on an FRI Lease for a term of 10 years commencing 28th September 2018 at a rent of £4,125 quarterly. Rent reviews every five years.
Current Rent Reserved
Current Rent Reserved £16,500 per annum
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.
