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The premises benefit from £27,500 PA income, the retail element is let to a hairdressing company operating under the name Blue Tit London
Floor: Sq Ft Sq M Income
Retail: NIA 1,050 sq. ft 97.6 sq. m £27,500
Residential 4 Bed Flat: GIA
980 sq. ft 91.1 sq . m £36,600
Total: 2,030 Sq Ft 188.7 Sq M £67,100
999 year long leasehold. Offers in the region of £499,999 (Four Hundred ninety nine thousand, nine hundred ninety nine pounds) representing a net initial yield of 5.19%. Subject to contract
Retail (A1/A2) use class
The tenant is responsible for the business rates of the unit.
Each party to cover their own legal costs incurred in this transaction.
Floor: Sq Ft Sq M Income (pa)
Retail: 1,050sq. ft 97.5 sq. m £27,500 -15 years from December 2015 -3 Year upward only rent reviews -Inside the Landlord & Tenant 1954 L&T Act Total: 1,050 Sq Ft 97.57 Sq M £27,500
The property is located on Coldharbour Lane, approximately 200 metres from junction with Atlantic Road and approximately 700 metres from Brixton Station. Brixton has undergone a large amount of regeneration over the last decade and now benefits from a vibrant mixture of bars, restaurants, retailers and residential schemes. The property is only moments from the Barrett Homes scheme, ‘Brixton Square’.