32 Streatham Plae, Streatham, London
, SW2 4QY
, england Price: Sale Price: £2,600,000
Size: SOA Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH663206 Property Ref/Agent: 30558
*Please use the agent ref when calling the agent directly.
A fantastic opportunity to acquire a prominent blue chip investment in Streatham producing a total of £138,000 per annum. The property is owned as a virtual freehold, with approximately 985 years unexpired, and is split into two separate units. The property forms part of a mixed-use development that was recently built in 2006/2007. The development comprises commercial at ground floor with 22 flats above.
Unit 1 is approximately 4,300 sqft and let to Tesco (trading as Tesco Stored Ltd) on a straight 10 year lease with no breaks from 3rd December 2021 at a current rent of £107,500 per annum. There is an upward only rent review at year 5. There are 7 allocated customer parking spaces. This lease is the extension of an original lease taken by Tesco on 27th March 2007 when they first took occupation and began trading from the property. In 2020 Tesco turned over £42,951,000,000 and made a profit of £1,151,000,000.
Unit 2 is approximately 1,300 sqft and let to Confidential Clinic on a straight 15 year lease with no breaks from 24th Aug 2021 at a current rent of £30,500 per annum. There are open market rent reviews at year 5 and 10. Confidential Clinic (trading as Streatham Clinic Limited) are an NHS funded dental practice. www.confidental-streatham.com www.nhs.uk/services/dentist/confidental-clinic/V000633.
EPC for 32 Streatham Plae, Streatham, London
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