GET STARTED NOW

Express Interest in this Property

Lloyds Pharmacy (sub-let to Gro Hair Stylist), Vauxhall

8 St George Wharf, London SW8 2LW, UK

Basic Facts

Property ID: 16823 Brochure Link: Download Brochure
Post Updated: 2024-02-05 09:43:42 Status:
Type: Tenure: Virtual Freehold
Area: 2139 sq ft Gross Rent: £ 92,642
Gross Yield %: 8.4 Lease Term: 25 yrs from 21st Dec 2006
Lease Term Expiry Date: 20/12/31 Years left on Lease: 7.5

Property Description

  • Virtual Freehold Investment – 2,139 sq ft
  • The property is arranged over the ground floor only of Flagstaff House (Block F), occupying a set back position from the main road. The building is of concrete frame construction externally clad in masonry under a flat roof. The flat roof has been finished as a communal roof garden for the wider development and stairs leading up to the roof garden flank the north and south elevations of the subject property respectively.
  • The unit has a glazed frontage extending the full length of the front elevation. The property is fitted out as a retail unit, operating as a hairdressing and nail salon. It is broadly rectangular, accessed via automatic dual access doors to the centre of the unit and two single metal framed doors to far right and left sides of the front elevation.
  • Internally, the accommodation is predominantly open plan, with the hair salon and nail salon split by stud walling. There are two treatment rooms to the rear of the nail salon and a kitchen and staff room and a W/C to the southern portion of the hair salon. The hair salon has been finished to an average standard with linoleum floors with exposed concrete ceilings and walls. The nail salon and treatment rooms are finished with laminate flooring with plastered and emulsion painted walls and ceilings. Lighting is provided by a mixture of pendant and spot fittings. Heating and cooling is provided by an overhead A/C system.

Location Description

  • The subject property is situated to the rear of the development fronting the A3036, directly opposite Vauxhall train, Underground and bus stations.
  • Within the immediate vicinity of the property occupiers include a range of both local and national occupiers, including Tesco, the NHS and CBRE Residential.

Tenancy & Accommodation Schedule

  • The property is let in its entirety to Lloyds Pharmacy Ltd on a full repairing and insuring lease from 21.12.06 to 20.12.31 without breaks at a rent of £92,642 per annum.
  • The lease is subject to annual RPI linked rent reviews (receivable annually) and it is estimated that the rent will increase to approximately £130,000 in December 2026 (assuming an average 8% annual RPI).
  • The property is sub-let in its entirety to Ospinamaine Ltd and Peint Ltd (trading as Gro Hair Stylist) from November 2013 on co-terminus terms.

Features

£1m - £5m
Attractive property
Virtual Freehold

View on Map

Current Opportunities

Current Opportunity

Essar Service Station, Oakham

13 Melton Road, Oakham, Rutland LE15 6AX, UK View on map
Gross Yield % 8.3
0.17 acres
£ 2,100,000
Current Opportunity

Essar Service Station, Spalding

ESSAR Spalding, London Road, Little London, Spalding, UK View on map
Gross Yield % 8.3
0.17 acres
£ 2,350,000
Current Opportunity

Unconsented Development Project, Edgware

Whitchurch Lane, Edgware HA8 6LP, UK View on map
0.10 acres
£ 650,000
Current Opportunity
2065 sq ft
£ 900,000
Current Opportunity

Dry Cleaners and Flat, Sutton

2 Cheam Rd, Sutton SM1 1SR, UK View on map
Gross Yield % 7.6
1456 sq ft
£ 425,000
Current Opportunity

Vacant Shop and Flat, Rayleigh

48 Eastwood Rd, Rayleigh SS6 7JQ, UK View on map
1575 sq ft
£ 425,000
Current Opportunity

Consented Development of 4 flats, Wandsworth

The Gardeners, Merton Road, London, UK View on map
2065 sq ft
£ 900,000
Current Opportunity

Retail & HMO, Southall

2-6 The Broadway, Southall, UK View on map
6701 sq ft
Call for price
Current Opportunity

Tesco Express, Twickenham

246 Powder Mill Lane, Hounslow, UK View on map
Gross Yield % 5.5
4157 sq ft
£ 2,300,000
Current Opportunity

Tesco, Shepherds Bush

Tesco Express, 31 Uxbridge Rd, London W12 8LH, UK View on map
Gross Yield % 5.5
3800 sq ft
£ 2,200,000
Current Opportunity

Vacant Retail Unit, Wokingham

1 Beechey Place, Wokingham, UK View on map
2530 sq ft
£ 600,000
Current Opportunity

Bathroom Shop & 8 Flats, Kenton

142-144 Kenton Rd, Harrow HA3 8AZ, UK View on map
8302 sq ft
£ 2,500,000

Specsavers, Savers & Comfort Sofa’s

66 Boothferry Rd, Goole DN14 5BT, UK View on map
Gross Yield % 7.9
7586 sq ft
£ 650,000
Current Opportunity

Co-op Food, Bermondsey

Crimscott St, London SE1 5TE, UK View on map
5326 sq ft
£ 2,450,000

Iceland, Houghton-Le-Spring

15 Newbottle St, Houghton le Spring DH4 4AP, UK View on map
1292.70 sq ft
£ 1,300,000
Current Opportunity

Shop & 3 flats, Redhill

3 Brighton Rd, Redhill RH1 6TW, UK View on map
2595 sq ft
£ 950,000

Nail Salon, Stanmore, Greater London

7A The Broadway, Stanmore HA7 4DA, UK View on map
Gross Yield % 5
692 sq ft
£ 425,000
4992 sq ft
£ 3,800,000

Bodycare, West Bromwich

19 St James Pl, Mangotsfield, Bristol BS16 9JB, UK View on map
3713 sq ft
Current Opportunity

Co-op Food & Flat, Salisbury

10 Kelsey Road, Salisbury, Wiltshire SP1 1JP View on map
Gross Yield % 7
2398 sq ft
£ 375,000