Retail premises for sale in Unit 2-4 Norwich House, 11 Streatham High Road, Streatham, London SW16

Key Points

Description

The available accommodation is a self-contained large commercial unit located in the mixed-use development of Norwich House. It boasts a prominent location in the Streatham area, a spacious shopfront, a WC facility, and a kitchenette. The asset is tenanted for a further 8 years to a retail operator (Mieszko Food City Limited - 07963809 ) trading as a Polish supermarket. The current passing rent is £118,500 per annum. A purchase at the asking price of £1.4 million, will reflect a gross yield of 8.46%.

Location

The property is conveniently situated on the North side of Streatham High Road. It offers excellent accessibility, being just a short 4-minute walk to Streatham Hill station. From this well-connected station, you can effortlessly reach various prominent destinations, including West Croydon, London Victoria, and London Bridge.

Viewings

Strictly by appointment only.

Terms

Long Leasehold of 250 Years from 2015 (249 years unexpiring)

Availability_Text

The accommodation comprises the following areas:

Tenancy Details

Passing Rent: £118,500 per annum
Lease Lenght: 15-Year Lease from 2 February 2017 (8 years unexpired)

VAT

Applicable

Building Insurance

Tbc

Legal Costs

Each party to bear their own costs.