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Residential Property For Sale 168 Acre Lane, London, SW2 5UL

  • 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

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.

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

 

Contact Goodsir Commercial Limited

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