Available
London SE5 – Coral Betting Shop
119 Southampton Way, Camberwell, London SE5 7EWVirtual Freehold Retail Investment
Price
£400,000
Rent P.A.
£23,975
Yield
5.99%
Tenure
Leasehold
Lease Term
16 Years
Years Left on Lease
2y 2m
Area
1,363 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop t/a Coral
- VAT is NOT applicable to this property
- Located in predominantly residential area with occupiers nearby including Costcutter, Post Office, Hair Dresser and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor shop t/a Coral and provides the following accommodation and dimensions:
Ground Floor: 126.60 sq m (1,363 sq ft)
Open plan retail, Office, Storage, WCs
Ground Floor: 126.60 sq m (1,363 sq ft)
Open plan retail, Office, Storage, WCs
Tenancy Description
The property is at present let to Coral Racing Limited for a term of 16 years from 1st March 2011 at a current rent of £23,975.67 p.a. and the lease contains full repairing and insuring covenants. No breaks.
Tenure:
Long Leasehold. To be held on a new 999 Year lease from completion at a ground rent of peppercorn.
Tenure:
Long Leasehold. To be held on a new 999 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Camberwell is a densely populated suburb of South East London located in the London Borough of Southwark, approximately 3 miles south-east of Central London. The property is situated on the north side of Southampton Way at the junction with Wells Way. The area is served by the A2 to the north east, the A3 to the west and A202 Peckham Road to the south. Denmark Hill mainline station providing a direct line to London Blackfriars station with a train every 15 minutes.
