Shops For Sale in South West London
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An opportunity to purchase a freehold commercial investment providing long-term income. The building extends to approximately 2,417sqft and is arranged over ground, first and second floors, with the added benefit of a private rear garden complete with an outbuilding. The property is let to Purple Panda Nurseries Limited, who have been in occupation since 2023. The lease is for a term of 15 years, incorporating open market rent reviews every five years, as well as tenant-only break options at the same intervals, with the next break option due in March 2028. We believe the property will appeal to investors; however, it also appears to offer longer-term potential for conversion into residential accommodation (STPP). Please note that the commercial lease is contracted inside the provisions of the Landlord and Tenant Act 1954. A purchase at the guide price would reflect a Gross Initial Yield of 8.27% and a capital value of c.£300 per sqft. The property is being sold by Acorn Commercial on the instructions of Cripps Trust Corporation Limited pursuant to a court order. It is available for immediate purchase, subject to the existing tenancy agreement.
- Nursery Investment For Sale in Norbury
- Let to 'Purple Panda Nurseries Limited' Company Number 07671487
- 15-year lease from 31/03/2023
59-61 Camberwell New Road is a mixed-use development constructed in 2015. The ground floor unit is a modern and bright E-Class space measuring approx. 2,000 square feet. Benefiting from a flexible layout, the property has two private meeting areas as well as a board room on its own Mezzanine Floor. Fit out to an incredibly high specification, the unit is fully kitted out and is therefore available for immediate occupation. There is CAT 6 cabling throughout with air conditioning in all areas as well as a fully operational kitchen space with all appliances. The property also benefits from incredibly low service charge at £1.20 per sqft (£2,400 per annum). The premises would be well suited to a handful of potential occupants looking for E class space in the Oval area. The property is guided at £45,000 per annum or £595,000 for the remainder of the LLH.
- Ground floor commercial unit available for sale/to let
- Fit out to high specifications
- 0.3 miles to Oval Underground Station (Northern Line)
An opportunity to purchase a freehold commercial investment providing long-term income. The building extends to approximately 2,417sqft and is arranged over ground, first and second floors, with the added benefit of a private rear garden complete with an outbuilding. The property is let to Purple Panda Nurseries Limited, who have been in occupation since 2023. The lease is for a term of 15 years, incorporating open market rent reviews every five years, as well as tenant-only break options at the same intervals, with the next break option due in March 2028. We believe the property will appeal to investors; however, it also appears to offer longer-term potential for conversion into residential accommodation (STPP). Please note that the commercial lease is contracted inside the provisions of the Landlord and Tenant Act 1954. A purchase at the guide price would reflect a Gross Initial Yield of 8.27% and a capital value of c.£300 per sqft. The property is being sold by Acorn Commercial on the instructions of Cripps Trust Corporation Limited pursuant to a court order. It is available for immediate purchase, subject to the existing tenancy agreement.
59-61 Camberwell New Road is a mixed-use development constructed in 2015. The ground floor unit is a modern and bright E-Class space measuring approx. 2,000 square feet. Benefiting from a flexible layout, the property has two private meeting areas as well as a board room on its own Mezzanine Floor. Fit out to an incredibly high specification, the unit is fully kitted out and is therefore available for immediate occupation. There is CAT 6 cabling throughout with air conditioning in all areas as well as a fully operational kitchen space with all appliances. The property also benefits from incredibly low service charge at £1.20 per sqft (£2,400 per annum). The premises would be well suited to a handful of potential occupants looking for E class space in the Oval area. The property is guided at £45,000 per annum or £595,000 for the remainder of the LLH.