(GROSS YIELD 10%)
6 Week completion
Occupying a busy trading position opposite the junction with Hamlet Road within this well established shopping parade near a Tesco Express and a variety of local traders as well as being just a short walk of the open spaces at Crystal Palace Park.
Crystal Palace is located just north of Croydon and approximately 6 miles south-east of central London, benefitting from good transport links via Crystal Palace Mainline Station being just a few hundred yards away.
Forming part of a parade comprising a Ground Floor Double Shop.
Ground Floor Double Shop
Gross Frontage 31'4"
Internal Width 27'11"
Shop & Built Depth 10'8"
VAT is NOT applicable to this Lot
Leasehold for a term of 125 years from 25th December 2002 (thus having approx. 109 1/2 years unexpired) at a current ground rent of £400 p.a. doubling every 25 years.
The property is let on a full repairing and insuring Law Society lease to S. Tregear as a Vape Shop for a term of 6 years from 20th February 2013 at a current rent of £8,700 per annum exclusive.
Note 1: The tenant did not exercise the 2016 Break Clause.
Note 2: £2,500 Rent Deposit held.