Shop for sale in London, England
- Sale
- England
- London
- London
- shops
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Price: £1,455,000
Area: Lambeth, London Total area: 461 m2The opportunity to purchase a premium freehold store with an advantageous location in the popular West Norwood area of London. It is currently being rented to a tenant with an excellent reputation, Tesco Stores, under an agreement until February 2023.
According to the terms of the contract, rent revision is possible only in the direction of increase, not less than 1% and not more than 4%. The next rent revision is on February 6th, 2018. Currently, the rental income is £87,767 per year.
The building is in excellent condition, there is a parking lot for a large number of places. The upper floors are leased to the virtual freehold of Regal Investment Limited as residential premises.
The total commercial area is 461 m2, the living area is 228 m2
The price is £1,445,000, which shows a net yield of 5.75% per annum.
For more details, please call our office
