119 Southampton Way, London, SE5

Investment Consideration:
Gross Initial Yield: 5.99%
Rental Income: £23,975 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop t/a Coral
Located in predominantly residential area with occupiers nearby including Costcutter, Post Office, Hair Dresser and more.

Property Description:
The property comprises ground floor shop t/a Coral and provides the following accommodation and dimensions:
Ground Floor: 126.60 sq m (1,363 sq ft)
Open plan retail, Office, Storage, WCs

Tenancy:
The property is at present let to Coral Racing Limited for a term of 16 years from 1st March 2011 at a current rent of £23,975.67 p.a. and the lease contains full repairing and insuring covenants. No breaks.

Tenure:
Long Leasehold. To be held on a new 999 Year lease from completion at a ground rent of peppercorn.

Location:
Camberwell is a densely populated suburb of South East London located in the London Borough of Southwark, approximately 3 miles south-east of Central London. The property is situated on the north side of Southampton Way at the junction with Wells Way. The area is served by the A2 to the north east, the A3 to the west and A202 Peckham Road to the south. Denmark Hill mainline station providing a direct line to London Blackfriars station with a train every 15 minutes.