Available
London SW1 – Barber Shop
30 Strutton Ground, Westminster SW1P 2HRLong Leasehold Retail Investment
Price
£300,000
Rent P.A.
£16,000
Yield
5.33%
Tenure
Leasehold
Lease Term
20 Years
Years Left on Lease
10y
Area
248 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Let until 2034. No breaks. Rent review in 2025 and 2030.
- Comprises ground floor retail shop t/a barber
- Central London location within walking distance to Big Ben and Victoria train station
- Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor retail shop t/a barber and provides the following accommodation and dimensions:
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
Tenancy Description
The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancies & Accommodation
Location Description
Strutton Ground Market is a small street market held on weekdays near Victoria, London. The market is located on a narrow cobbled street - Strutton Ground - between Victoria Street and Greycoat Place/Great Peter Street. This market is one of the most centrally located street markets in London, being close to the Palace of Westminster and Victoria railway station. The property is located on pedestrianised Strutton Ground with occupiers nearby includes Greggs, Costcutter and Star Pharmacy, amongst others.