32 Montpelier Vale, London, SE3 0TA
not specified / Retail / Retail - High Street
For Sale
- £930,000.00
Available - Last updated: 21 August 2024
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
( Agency Pilot Software ref: 819 )
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£930,000.00
| NA |
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