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26 Strutton Ground, London, SW1P

Fixed Price
£450,000

£1130.65 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

398 sq ft

37 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops and Class E

A1, E

Key features

  • Comprises ground floor shop t/a food retailer
  • Let until 2039. No breaks.
  • Tenant paid a premium of £25,000 for the lease
  • Upwards only, open market rent review every 5th year.

Description

Investment Consideration:
Gross Initial Yield: 6.00%
Rental Income: £27,000 p.a.
Let until 2039. No breaks. Rent review every 5 years.
VAT is applicable to this property
Comprises ground floor shop t/a food retailer
Tenant paid a premium of £25,000 for the lease
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.

Property Description:
The property comprises ground floor retail shop and provides the following accommodation and dimensions:
Ground Floor: 37 sq m (398 sq ft)
Open plan retail, Storage, WC

Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.

Tenancy:
The property is at present let to Individuals for a term of 20 years from 8th August 2019 at a current rent of £27,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review every 5th year. No breaks. Tenant paid premium of £22,000 for the lease.

Location:
Strutton Ground Market is a small street market held on weekdays near Victoria, London. The market is located on a narrow cobbled street - Strutton Ground - between Victoria Street and Greycoat Place/Great Peter Street. This market is one of the most centrally located street markets in London, being close to the Palace of Westminster and Victoria railway station. The property is located on pedestrianised Strutton Ground with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst others.

Brochures

26 Strutton Ground, London, SW1P

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • St. James's Park Station0.2 miles
  • Victoria Station0.4 miles
  • Westminster Station0.5 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference strutton26. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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