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Under Offer
Offers in the region of £1,400,000

Unit 2-4 Norwich House, 11 Streatham High Road

Streatham, London, SW16 1DS

The 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.

Offers in the region of £1,400,000