Commercial property for sale in Trafalgar Road, London SE10

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