Lot 27
(GROSS YIELD 10.5%)
6 Week completion
SITUATION
In this established parade close to the junction with Mosslea Road, nearby a One Stop as well as a variety of local traders, all serving the surrounding residential area being just a short walk of Penge West Overground Station.
Penge lies midway between Crystal Palace and Bromley some 6 miles south-east of Central London.
PROPERTY
Forming part of a terraced property comprising a Ground Floor Shop.
ACCOMMODATION
Ground Floor Shop
Gross Frontage 16'2"
Internal Width 14'7" narrowing to 11'10"
Shop Depth 23'11"
Built Depth 37'1"
Kitchenette, WC
VAT is NOT applicable to this Lot
TENURE
Leasehold for a term of 99 years from 20th January 1999 (thus having approx. 81 years unexpired) at a fixed ground rent of £50 p.a.
TENANCY
The property is let on a full repairing and insuring lease to J. Cook as a Tattoo Parlour for a term from 13th December 2015 to 13th November 2022 at a current rent of £6,300 per annum exclusive.
Rent Review 2020