Property Overview
-
- Size:
- 300 sq ft / 28 sq m
-
- Usage:
- A1
-
- Sale Type:
- For Sale
-
- Rental Income:
- N/A
-
- Property Type:
- Other
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- Yes
-
- Tenanted:
- N/A
-
- Energy Rating:
- N/A
General Summary
Description:
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
Tenancy Information:
Inkology Limited is a newly incorporated company from February 2014. Their business is as a Tattooist.
Lease Terms:
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.
Location
Tenure:
125 years Long leasehold.
Price:
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%.
VAT:
The premises are not elected for VAT.
Ground Rent:
Peppercorn.
Business Rates:
All interested parties are advised to make their own enquiries with the London Borough of Lambeth.
Legal Costs:
Each party to bear their own legal costs incurred in this transaction.
EPC:
EPC is available on application
Viewing:
Strictly by appointment through the Landlords Sole Agents:
Ref: 1838.03.R.TF.04/2015
