Commercial

Peckham, London

£770,000 Leasehold

Features

  • New Commercial Investment Opportunity.
  • New 999 Year Long Lease for Sale.
  • Frontage (c7.6m) Total GIA (200 Sq M).
  • 15 Year FRI Lease to Pedder Sales Ltd.
  • Current passing rent is £50,000 p.a.
  • £770,000 which reflects 6.5% NIY.


Location The investment opportunity on Queen’s Road occupies a primary position within a parade of mixed uses, directly neighbouring Sainsbury’s. Other local neighbours include Tesco Express and Blackbird Bakery. Queen’s Road Peckham Station is located a 3 minute walk away connecting London Bridge via mainline rail services and also the London Overground Line. Description The property comprises of a ground commercial unit forming part of a new development. Pedder Property Sales Ltd have recently signed a new 15 year FRI lease on the ground floor commercial unit (within L&T Act 1954). Upwards only rent reviews every 5 years. Pedder are a strong performing South East London estate agent with 10 offices (including Queen’s Road). Rental Income Current passing rent is £50,000 p.a. Accommodation Frontage: c. 7.6m Total GIA: 200 Sq M (2,152 Sq Ft) Tenure The property is available by way of a new 999 year long lease. Asking Price £770,000.


Viewing

Please contact our Herne Hill Office on 020 7737 1464 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Pedder (Commercial) Ltd trading as Pedder for themselves and for the vendor/landlord of this property whose agents they are, give notice that (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of Pedder or the vendor/landlord, (3) whilst made in good faith, none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending purchaser/tenant must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the vendor/landlord does not make or give either Pedder or any person in their employment any authority to make or give representation or warranty whatsoever in relation to this property.

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