Basic Facts
Property ID:
5313
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Post Updated:
2019-12-09 10:44:32
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Status:
Acquired
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Type:
Restaurant
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Gross Rent:
£ 25,000
|
Lease Term:
10 yrs from Sep '17
|
VAT applicable:
No
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Property Description
- 999 year Virtual Freehold Investment, inaffluent area in South London.
- The 900 sq. ft. unit is over ground & basement (350 sq ft ground / 540 sq ft basement).
Location Description
- Located on St Johns Hill, within close proximity of Clapham Junction train station.
- Clapham is affluent area in South London, within a few miles of Central London
- Other nearby retailers include Sainsbury’s, Paddy Power & Barclays
Additional Notes
- 10 year lease to Compound Nutrition Ltd from September 2017 with 5 year rent review @ £25k rent p.a.
- Let to Independent tenant who runs a juice bar on the ground floor & utilises basement as offices.
- Tenant has a very successful coffee shop business 200 yards up the road (Story Coffee – https://en-gb.facebook.com/storycoffeeldn/)
Features
No Break clauses
No VAT applicable
Suitable for a SIPP
Tenant Multiple
Under £500k
Virtual Freehold