Unit 2-4 Norwich House, 11 Streatham High Road
Streatham, London, SW16 1DSThe Space
Long Leasehold Income Producing Investment
At a glance
Property Type | Retail |
Tenure | For Sale |
Size | 5,656 sq ft |
Price | Offers in the region of £1,400,000 |
Business Rates | TBC |
Service Charge | TBC |
Energy Performance Rating | Upon enquiry |
Streatham Hill
2 mins
Streatham
15 mins
Tulse Hill
19 mins
West Norwood
21 mins
Streatham Hill
3 mins
Streatham
15 mins
Tulse Hill
19 mins
West Norwood
21 mins
Key Points
- Close Proximity to the Streatham Hill National Rail Station
- Kitchenette
- WC Facilities
- Large Frontage
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%.
Available area
The accommodation comprises the following areas:
Name | sq ft | sq m |
---|---|---|
Ground | 5,656 | 525.46 |
The 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)
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.