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The shop is arranged over the ground floor only and has the following approximate Net Internal Floor Area:
Floor: Sq ft Sq m
Ground: 300 sq ft 27.8 sq m
Total: 300 sq ft 27.8 sq m
Inkology Limited is a newly incorporated company from February 2014. Their business is as a Tattooist.
The property has been let on a new Full Repairing and insuring lease for a term of 10 years from January 2015, with a tenant only break clause on the 5th anniversary of the term, subject to 6 months prior written notice. Should the tenant exercise the break they must pay a 3 month rent penalty. The passing rent is £12,000 per annum exclusive.
125 years Long leasehold.
Offers in the region of £165,000 (one hundred and sixty five thousand pounds), reflecting a Net Initial Yield of 7%, assuming purchaser’s costs of 3.8%.
The premises are not elected for VAT.
All interested parties are advised to make their own enquiries with the London Borough of Lambeth.
Each party to bear their own legal costs incurred in this transaction.
EPC is available on application
Strictly by appointment through the Landlords Sole Agents: