Retail premises for sale
32 Montpelier Vale, London, Greater London SE3
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Freehold mixed use investment plus 2 flats above
- Retail shop let to pets corner
- Good rental growth
- Potential residential lease extension
Property description
A ground floor lock-up shop premises, one of the larger retail outlets in the Village, let to Pets Corner. In addition there are 2 self-contained flats above both sold on residential leases - one having approximately 67 years unexpired.
Shop let to multiple covenant at £56,000pa
Assignment of 15 year Fri lease from May 2023 incorporating 5 yearly rent reviews
Next rent review May 2028
No provision for early termination
Lease within 1954 Landlord and Tenant legislation
Significant potential for rental uplift
Potential premium for residential lease extension
Current total income approximately £56,000 pa
*Pets corner turnover for year end September 2023 £90m + and profits before tax of £9.3m
Property info
For more information about this property, please contact
John Payne Commercial, SE3 on +44 20 8033 8552 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by John Payne Commercial, and do not constitute property particulars. Please contact John Payne Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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John Payne Commercial
(view all property for sale)
7 Hare and Billet Road, London, SE3 0RB
Call +44 20 8033 8552 *