Lordship Lane, London, SE22

EAST DULWICH - PRIME RETAIL INVESTMENT FOR SALE

Green & Partners are delighted to have been instructed to sell the enclosed virtual freehold, retail investment opportunity.

- One of London's most desirable neighbourhoods;
- Attractive end of terrace period building;
- Double fronted shop with prominent corner frontage;
- Thriving Lordship Lane retail pitch;
- Held Virtual Freehold at Peppercorn Rent;
- Long established tenant (20 years + trading history) with 2nd store in Crystal Palace;
- Well configured retail accommodation providing 1,225 sq ft over ground and basement;
- Let to Retrospective UK Limited (t/a Mrs Robinson);
- Lease expiring February 2038 (TBO's in 2028 & 2033);
- Total income of £62,500 per annum;
- Low passing rent (£74 psf ITZA) - recent comparable lettings (c. £95 psf ITZA);
- Class E / Flexible User Clause;
- Continued strong occupier demand for Lordship Lane.

We are instructed to seek offers in excess of £925,000 (Nine Hundred and Twenty Five Thousand Pounds), subject to Contract and Exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 6.39% and a Reversionary Yield of 8.18% assuming graduated purchasers' costs of 5.66%.

For further information, to arrange an inspection or access to the data room, please contact Ben Simpson or Will Civil at Green & Partners or our joint agent at Allsop LLP.