Commercial property for sale in Trafalgar Road, London SE10
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Property features
- Of interests to Investors and Developers.
- Freehold two storey retail investment
- Planning permission for for conversion of 1st floor and creation of an an additional floor
- To provide 3 x 1 and 2 x Studio apartments plus the ground floor retail.
- The entire property is currently let to Boots at £41,500 per annum
- Tenant holding over and has requested a new lease
Property description
Strapline
Auction Sale - 08/11/2022
Of interests to Investors and Developers. A freehold two storey retail investment with planning permission for conversion and extension via an additional floor to provide 5 apartments, plus the ground floor retail. The entire property is currently let to Boots at £41,500 per annum
Location
Located to the south side of Trafalgar Road close to its junction with Earlswood Street.
Situated within a busy and established retail parade, other nearby occupiers include Betfred, Iceland Supermarket and Domino's
This is a popular residential area being less than half a mile from the famous Greenwich Park.
Greenwich centre is less than a mile to the west and provides a broad range of shops bars and restaurants.
There are many leisure and recreation opportunities in the area including Greenwich Maritime Museum, the Cutty Sark
Transport
Maze Hill and Greenwich Station - National Rail
Cutty Sark - DLR
Tenancy
The entire property is let to Boots on a 5 year Fri lease from 10th February 2016 for a current rent of £41,500 per annum. The
tenant is currently holding over at the end of their lease, and has served notice to request a new 3 year lease at a rent of £32,500 with a mutual break clauses after 18 months which would allow the Landlord opportunity to obtain vacant possession and carry out the development.
Accommodation
Proposed accommodation
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.