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Express Interest in this Property

Nursery, Greenwich, Greater London


£ 700,000
Units C5 & C6, 2 Wharf Street, Greenwich, London, SE8 3FZ

Basic Facts

Status: Type: Tenure: Virtual Freehold Area: 1798 sq ft
Gross Rent: £ 45,830 Gross Yield %: 6.5 Lease Term: 10 Years from Feb' 19
Years left on Lease: 8.8 VAT applicable: Yes

Property Description

  • Virtual Freehold Nursery Investment in London
  • The property is arranged on ground floor only and has been fitted out by the tenant to provide a children’s day nursery.
  • The ground floor measures 1,798 sq.ft.
  • The property forms part of a larger building, which does not comprise part of this ownership.

Location Description

  • The property forms part of the Paynes & Borthwick Development, which is located on the south bank of the River Thames.
  • Greenwich is a mile to the east where there is the DLR and Greenwich Rail Station.
  • Deptford Station is 1„2 mile to the south, whilst Surrey Quays is 11„2 miles north-west.
  • The property is located on the north side of Borthwick Street, close to its junction with Wharf, opposite Twinkle Park and Invicta Primary School.
  • Neighbouring occupiers include high spec. apartments, office/studio space, restaurants, retail and community uses.

Tenancy

  • Let to Totally Kidz Limited on a FR&I Lease for a term of 10 Years from Feb 2019 (TBO 5th Year)
  • Rent of £45,830 per annum, 5 Yearly Rent Review, Open Market or RPI whichever is greater

Additional Notes

  • Let to Totally Kidz Limited on a FR&I Lease for a term of 10 Years from Feb 2019 (TBO 5th Year)
  • Rent of £45,830 per annum, 5 Yearly Rent Review, Open Market or RPI whichever is greater
  • Held for a term of 999 years from 1st June 2007 at a peppercorn ground rent.

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