H&T Pawnbrokers, Eltham, Greater London
89 Eltham High St, London SE9 1TD, UKBasic Facts
| Property ID: 13126 | Post Updated: 2021-07-06 11:40:20 |
| Status: Acquired | Type: Retail - other |
| Tenure: Freehold | Area: 1106 sq ft |
| Gross Rent: £ 35,000 | Gross Yield %: 7.4 |
| Lease Term: 5 yrs from May '18 | Lease Term Expiry Date: 11/05/23 |
| Years left on Lease: -1 | VAT applicable: No |
Property Description
- Freehold Blue-Chip Retail Investment in London.
- Single storey 1,106 sq ft. unit
Location Description
- Eltham is a popular London suburb located some 7 miles south-east of Central London.
- The area benefits from good road communications being between the A2 and A20, and on the A205 South Circular Road.
- Eltham benefits from good rail links to Central London, whilst several bus routes pass along Eltham High Street.
- The property is situated on the North side of Eltham High Street (A210) close to its junction with Well Hall Road (A210).
- Occupiers close by include Betfred, Costa Coffee, Boots, WHSmith, HSBC, McDonalds, TK Maxx, Marks & Spencer, JD Sports and Iceland amongst many others.
Tenancy Schedule & Additional Notes
- Let to Harvey & Thompson Ltd (t/a H&T pawnbrokers) for 5 years from 11th May 2018 at a current rent of £35,000 p.a. Reversionary opportunity in 2023.
- There may be potential to develop residential accommodation above, subject to the existing lease and obtaining all the necessary consents. All enquiries should be referred to the Royal London Borough of Greenwich. Website: www.royalgreenwich.gov.uk.
- 7 week completion available
Features
Customer car parking
Freehold
No VAT applicable
Reversionary Opportunity
Under £500k
