£500,000
Retail premises for saleHigh Street, London SE20
1 bath
Freehold
About this property
Investment opportunity
Three shops adjacent to each other located on Penge High Street within a quarter of a mile of Penge East and Penge West railway stations. All shops are tenanted and will be sold together on a long leasehold. Please note the flats above are not included. Sublease terms for the units are as follows:
- 35: Currently achieving £10,000 per annum rent, five yearly rent reviews with the next rent review due in 2025. Ten year sublease from 2020
- 37: Currently achieving £6,600 per annum rent, with three yearly reviews. Tenant is currently holding over
- 39: Currently achieving £9,000 per annum rent, three yearly rent reviews with the next rent review due in 2023. Ten year sublease from 2018
Available now, call office for more information or to book a private viewing.
Three shops adjacent to each other located on Penge High Street within a quarter of a mile of Penge East and Penge West railway stations. All shops are tenanted and will be sold together on a long leasehold. Please note the flats above are not included. Sublease terms for the units are as follows:
- 35: Currently achieving £10,000 per annum rent, five yearly rent reviews with the next rent review due in 2025. Ten year sublease from 2020
- 37: Currently achieving £6,600 per annum rent, with three yearly reviews. Tenant is currently holding over
- 39: Currently achieving £9,000 per annum rent, three yearly rent reviews with the next rent review due in 2023. Ten year sublease from 2018
Available now, call office for more information or to book a private viewing.
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Monthly repayment
£2,501 per month
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