Residenza are proud to offer to the market this freehold 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. The ingoing tenant has recently completed a full refurbishment of the ground floor and basement.
The first floor residential is sold of on long lease from 25th December 1997 for a term of 175 years.
Rental Income: £22,000 P/A
Gross Yield: 5.50%
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
To view this investment opportunity please call our Tooting or Battersea office. Alternative this can be viewed on our website www.residenzapropertiesltd.com
For further information on this property please call 0208 672 7979 or e-mail firstname.lastname@example.org