Offers over
£1,050,000
(£306.66/sq. ft)
Property for sale4 Robert Court, Sternhall Lane, Peckham, London SE15
3,424 sq. ft
EPC Rating: D
About this property
Freehold Nursery & Residential Ground Rent Investment, with 11 flats sold off on long leasehold interests
The premises extends to 3,424 sq. Ft gia, the unit has use of 4 private car parking spaces
Occupied by Sunhill Day Nursery (part of The Old Station Nursery Group), with 78 nurseries across England and a £55m turnover
Let on a 15-year term expiring 13th November 2034, subject to mutual break option at 3rd November 2029 at a passing rent of £87,000 per annum, subject to review in November 2029 in line with rpi (uncapped)
Agreement in place to increase the rent to £92,989 per annum subject to completion of a schedule of lessor’s works, if implemented
The upper flats have been sold off on 125 year leases from 24th June 2007 at ground rents of £2,200 pa, doubling in 2032
Combined rents reserved of £89,200 per annum
Robert Court is a part 3 part 4-storey mixed-use block constructed in 2008 (planning application 04/ap/1283) comprising a self-contained commercial unit at ground floor level and 11 flats over the upper floors accessed via a separate residential entrance. There is also a small rear car park accessed via an undercroft driveway at one end of the block.
The commercial unit is fitted out and occupied in nursery use benefiting from extensive and active frontage along Sternhall Lane. The premises offers flexible and versatile accommodation with five separate double access doors into the unit from the street allowing for ease of future sub-division if ever required.
The premises is fitted with a range of classroom and soft play areas through the space, with two fitted and partitioned kitchen areas and fitted WCs (6 cubicles) for children and a further staff WC.
There are 4 car parking spaces demised to the commercial unit, with the balance demised to the flats.
Location
The property is located in south London in Peckham, within the London Borough of Southwark. Situated on the north side of Sternhall Lane close to its junction with Rye Lane, the property is close to a range of neighbouring household names such as Tesco, Anytime Fitness, Barclays Bank, and McDonalds, alongside a roster of local independent shops, cafes, and restaurants. The property is located a short walk from Peckham Rye Park and Common.
The area is well served by public transport with Peckham Rye station being 300m to the north (6 minute walk) providing access to the Windrush Line on the Overground network, and National Rail services, providing links to Victoria, Blackfriars, Clapham Junction, and London Bridge stations. Nunhead and East Dulwich are also within walking distance, both providing access to the National Rail network.
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