Tesco Shop Investment & Flats Penge Se20 | | Penge London | | Let to bluechip tenant + 6 X 1 bed flats in busy parade, close multiples and stations etc. 40ft frontage. £102,900 rental income (£53,400 from flats & £52,500 from shop). 6.23% return. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70981
ADVERT IMPRESSIONS : 14,215 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £1700000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Town centre property on Penge High Street opposite the church serving good class area with major retailers such as Sainsburys, Boots, etc close by. The town is flanked by Croydon and Bromley, two major shopping areas and is also close to two BR stations.
The premises comprises a retail ground floor some 4,100 sq ft to be let to Tesco Express Ltd
Six flats on 3 floors above with separate side access currently let on shorthold tenancies currently producing £53,400 pa.
Ground floor let to Tesco Express Ltd from 15 January 2012 at an initial rent of £52,500 pa. for 20 years on F.R.I. lease with option to break in 10 years with 5 yearly rent reviews linked to RPI.
INCOME: Total from ground and upper floors £105,900 pa representing a current 6.23% return.
PRICE: £1,700,000 Offers invited. | | | | | | FOR SALE | | | | | REFERENCE: | O6981 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
