Find a Property

Key Features

• Prime Location
• Excellent Investment Opportunity
• Approx Yield 5.87%
• Annual income £22,000 per annum

Summary

Residenza are proud to offer to the market this freehold shop investment opportunity in Wallington, SM6.

Ground floor commercial is let on a new FRI from 15th September 2020 for a term of 15 years at an agreed rental of £22,000 P/A. Rent Review every 5 years. Recently completed a full refurbishment of the ground floor and basement including Three Phase Electricity.

The first floor residential is sold on long lease from 25th December 1997 for a term of 175 years.

Tenure: FREEHOLD
Price: £375,000
Rental Income (Commercial): £22,000 P/A
Legal costs Each party is to bear their own legal costs incurred in this transaction.

VAT: The property is not elected for VAT.

Accommodation Retail: 622 Sq/Ft
Basement: 418 Sq/Ft
GF & Basement Total: 1040 Sq/ft

Additional Information

For further information on this property please call 0208 672 7979 or e-mail tooting@residenzapropertiesltd.com