• Size:
    1,050 sq ft / 98 sq m
  • Usage:
    A1, A2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    High Street
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    Yes
  • Tenanted:
    N/A
  • Energy Rating:
    N/A

DESCRIPTION
The premises benefit from £27,500 PA income, the retail element is let to a hairdressing company operating under the name Blue Tit London

Floor: Sq Ft Sq M Income
Retail: NIA 1,050 sq. ft 97.6 sq. m £27,500
Residential 4 Bed Flat: GIA
980 sq. ft 91.1 sq . m £36,600
Total: 2,030 Sq Ft 188.7 Sq M £67,100

TERMS
999 year long leasehold. Offers in the region of £499,999 (Four Hundred ninety nine thousand, nine hundred ninety nine pounds) representing a net initial yield of 5.19%. Subject to contract

USE CLASS
Retail (A1/A2) use class

VAT
TBC

BUSINESS RATES
The tenant is responsible for the business rates of the unit.

LEGAL COSTS
Each party to cover their own legal costs incurred in this transaction.

Floor: Sq Ft Sq M Income (pa)
Terms
Retail: 1,050sq. ft 97.5 sq. m £27,500 -15 years from December 2015 -3 Year upward only rent reviews -Inside the Landlord & Tenant 1954 L&T Act Total: 1,050 Sq Ft 97.57 Sq M £27,500
999

The property is located on Coldharbour Lane, approximately 200 metres from junction with Atlantic Road and approximately 700 metres from Brixton Station. Brixton has undergone a large amount of regeneration over the last decade and now benefits from a vibrant mixture of bars, restaurants, retailers and residential schemes. The property is only moments from the Barrett Homes scheme, ‘Brixton Square’.