£440000 Long Leasehold
Minimum Size: 3500 Sq Ft
Maximum Size: 3500 Sq Ft
Call the commercial team on 020 8401 1000
Retail Investment - Long Leasehold for sale The ground floor premises are held on a Long Lease of 198 years from 08 August 2005, expiring 05 June 2203, subject to a peppercorn Ground Rent. Current rental income: £38,500 per annum exclusive. - Prominent roadside location - Net Initial Yield 8.3% (assuming purchaser's costs at 5.4%) - Gross Initial Yield 8.75% Offers are sought in excess of £440,000.
Ground floor premises forming part of the gateway development leading to Sutton Town Centre, on Rose Hill and Reigate Avenue.
The premises are prominently located on the main Rose Hill roundabout, and benefit from excellent vehicular passing trade. The property benefits from dual frontage onto Rose Hill (B2230) and Reigate Avenue (A217). Nearby occupiers include Lidl and Superdrug. Sutton mainline BR station provides fast regular services to both Victoria (26 minutes) and London Bridge (33 minutes). Sutton is a densely populated residential area and a thriving retail and commercial centre, situated approximately 12 miles south-west of central London, 5 miles west of Croydon, 10 miles north of Reigate and 7 miles south-east of Kingston. Heathrow and Gatwick Airports are also conveniently based with access via the M25/M4 and M25/M23 respectively.
The ground floor premises are held on a Long Lease of 198 years from 08 August 2005, expiring 05 June 2203, subject to a peppercorn Ground Rent. The premises are available Long Leasehold for Sale, subject to the existing Tenancy and associated rental income.
Centro Plc, Mid-Day Court, 30 Brighton Road, Sutton, Surrey, SM2 5BN
Tel. 020 8401 1000 E-mail: firstname.lastname@example.org