Hair Salon, Forest Hill, Greater London
11 Perry Vale, London SE23 2LD, UKBasic Facts
| Property ID: 13133 | Post Updated: 2021-05-12 14:57:00 |
| Status: Sold | Type: Retail - other |
| Tenure: Virtual Freehold | Area: 387 sq ft |
| Gross Rent: £ 12,000 | Lease Term: 12 yrs from Nov '12 |
| Lease Term Expiry Date: 22/12/29 | Years left on Lease: 5.7 |
| VAT applicable: No |
Property Description
- Virtual Freehold Retail Investment in London.
- Ground floor shop measuring 387 sq.ft.
Location Description
- Forest Hill is a popular and densely populated South East London suburb located between Dulwich and Catford, some 5.5 miles south of Central London.
- The area benefits from good road communications being on the South Circular Road (A205), between its junctions with the A20 and the A23.
- Forest Hill Rail Station provides regular services to London Bridge (16 mins), East Croydon (17 mins) and Canada Water (14 mins) amongst other destinations.
- The property is situated on the south side of Perry Vale, which forms part of the South Circular Road (A205), at its junction with Waldram Place.
- Occupiers close by include a wide range of local businesses.
Tenancy Schedule & Additional Notes
- The property is held Virtual Freehold, on a 999 year lease from 9th April 2021 at a peppercorn rent.
- It is let to an individual for 12 years from 22nd November 2017 at a current rent of £12,000 p.a. FR&I
- The 2020 Rent Review is outstanding.
Features
No Break clauses
No VAT applicable
Reversionary Opportunity
Suitable for a SIPP
Under £500k
Virtual Freehold
