Commercial Property For Sale
Back on the market due to abortive negotiations.
Opportunity to purchase a freehold retail investment close to Tooting Bec underground station.
The property comprises a retail unit over ground and basement with three flats above. All three flats have been sold off on long leases.
The retail unit is let at £11,000 per annum until September 2028 with the next rent review in 2024. The tenant trades as AG Nail Bar & Beauty.
One of the flats has 74 years remaining on the lease and we have been advised the lease extension premium is in the region of £35,000. The other two flats both have 164 years remaining on the lease.
For more information, contact Philip at email@example.com or you can call us on 020 8106 8666.