Greggs, 22 St. John's Road, London
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Prime Location In the Heart of Clapham
- Let to the Undoubted Covenant of Greggs
- 10 Year Lease Expiring 30/07/2027
- 2022 Break Option Not Exercised
- 2022 Rent Review Outstanding
- Asset Management Potential
- Discussions Commenced on Lease Renewal
- 1,229 sq ft (113.18 sq m)
- Investment Let at £89,350 p.a. (8.12% GIY on Guide Price)
Description
Arranged across ground and first floors, the property provides retail space to the ground floor with ancillary space to the first floor.
The property is fully let to Greggs Plc on a 10 year lease expiring 30/07/2027 and producing £89,350 per annum. The tenant did not serve their 2022 break option displaying confidence in the location.
We understand early discussions have commenced with Greggs regarding a renewal of the lease.
Furthermore, the property offers asset management potential via an outstanding rent review from 2022.
The property benefits from a prime pitch fronting St John's Road, one of the principal retail streets in Clapham, therefore benefitting from high footfall. Nearby tenants include TK Maxx, McDonalds, Waitrose and M&S.
Brochures
Greggs, 22 St. John's Road, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clapham Junction Station0.1 miles
- Wandsworth Town Station0.9 miles
- Imperial Wharf Station1.0 miles
Notes
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