22, St Johns Road, Wandsworth, London SW11 1PN

Investment Consideration:
Gross Initial Yield: 6.62%
Rental Income: £89,350 p.a.
VAT is applicable to this property. TOGC available.
Let entirely to Greggs PLC until 30.07.27. Rent review from 2022 outstanding.
Comprises ground floor retail premises with ancillary accommodation at first floor
Nearby occupiers include Sainsburys Local, Tortilla, Caffe Nero, Subway, Starbucks, Halifax, M&S Simply Food, Barclays Bank, JD Sports, Metro Bank, Vodafone, TK Maxx and many more.

Property Description:
The property comprises two-storey retail premises t/a Greggs, arranged over ground and first floor, providing the following accommodation and dimensions:
Ground Floor: 75.31 sq m (810 sq ft)
Open plan retail, kitchen, storage, wc
First Floor: 38.87 sq m (418 sq ft)
Ancillary, storage
Total GIA: 114.18 sq m (1,228 sq ft)

Tenancy:
The property is at present let to Greggs PLC for a term of 10 Years from 1st August 2017 at a current rent of £89,350 p.a. and the lease contains full repairing and insuring covenants. Rent review from 2022 outstanding. Break option in 2022 NOT exercised.

Location:
Clapham is located within the London Borough of Wandsworth and is an affluent and densely populated area of South-West London some 3.5 miles from Central London. The area benefits from excellent road communications via the A3, A23 and A24 which all provide access to the the M25 motorway. Clapham Junction Rail Station provides frequent services to Central London, the South Coast and the West via Southern, South-Western Railway, Gatwick Express and London Overground. Retail occupiers close by include Sainsburys Local, Tortilla, Caffe Nero, Subway, Starbucks, Halifax, M&S Simply Food, Barclays Bank, JD Sports, Metro Bank, Vodafone, TK Maxx, McDonalds, Boots and Santander amongst many others.