(GROSS YIELD 10.5%)
6 Week completion
In this established parade close to the junction with Mosslea Road, nearby a One Stop as well as a variety of local traders, all serving the surrounding residential area being just a short walk of Penge West Overground Station.
Penge lies midway between Crystal Palace and Bromley some 6 miles south-east of Central London.
Forming part of a terraced property comprising a Ground Floor Shop.
Ground Floor Shop
Gross Frontage 16'2"
Internal Width 14'7" narrowing to 11'10"
Shop Depth 23'11"
Built Depth 37'1"
VAT is NOT applicable to this Lot
Leasehold for a term of 99 years from 20th January 1999 (thus having approx. 81 years unexpired) at a fixed ground rent of £50 p.a.
The property is let on a full repairing and insuring lease to J. Cook as a Tattoo Parlour for a term from 13th December 2015 to 13th November 2022 at a current rent of £6,300 per annum exclusive.
Rent Review 2020
Note: The property has been trading as a Tattoo Parlour for the previous 7 years.