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Property Overview

  • Size:
    10,000 sq ft / 929 sq m
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

Supporting Documents

General Summary

We are delighted to offer For Sale this long leasehold investment currently with 63 years left to run at peppercorn ground rent. The leaseholder can extend the lease by a further 26 years if they wish to create an 89 year long leasehold interest.

The property has been let and income producing to Stapletons who have been trading there for approximately 20 years with a current annual rental income of £37,692 -.-.-., with a rent review due in April 2024 and lease to expire April 2029. The site is around 10,000 sqft (not measured).

Service charge: approximately £1,632.40 p.a.

Insurance Charge: £2,234.42 p.a.

The property is offered For Sale on assignment of the existing lease.

* Long leasehold investment
* Currently 63 years left to run at peppercorn ground rent with option to extend by a further 26 years.
* Peppercorn ground rent
* Let and income producing for approximately 20 years

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