2-4 Leigham Court Road, London, SW16 2BH
Size
1,862
Tenure
Freehold
EPC
Parking
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- Primary use
- Other leisure
Key features
- 7.2% Gross yield, before any purchaser costs
- Sale price £500,000 for the benefit of the Long Leasehold
- Freehold also available subject to further negotiation
- Current Income - £36,000 per annum
- Current tenant - Body Fit Training (BFT)
- Prominent Location - Close to Streatham Hill Station
Description
HEAD LEASE/LONG LEASE : The virtual-freehold/long leasehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). The long leasehold is subject to a Ground Rent of £300 per annum
The Freehold is also available at an additional price - terms on application/subject to further negotiation
The purchase price of £500,000 reflects a Gross Yield of 7.2% before any purchaser costs
TENANT DETAILS : The premises are let on a FRI lease to a Body Fit Training (“BFT”) gym franchisee, who also owns a second BFT gym in Battersea, London.
TENANCY DETAILS : The property is let on a FRI lease to FHL Streatham Ltd (with a guarantor from FHL Battersea Ltd), for a term of 10-years (held outside The 1954 Act) expiring in August 2035. The lease allows for a tenant-only break option which can be exercised in August 2030
The current rent is £36,000 per annum exclusive, with the next rent review in August 2030 (upwards-only, RPI-index based). A 3-month rent deposit is held as a lease security.
The Tenant benefits from a rent-free period until 11th March 2026.
Location
The premises are situated on Leigham Court Road close to the prominent junction with Streatham High Road (A23)
Streatham Hill offers a high density of residential occupiers as well as national and local retail/office occupiers in close proximity.
Streatham Hill National Rail Station, Marks & Spencer and the London Square Streatham Hill residential development are all within 2 minutes walk
The property is located within the London Borough of Lambeth
- Service charge
- £4,730
- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
2-4 Leigham Court Road, London, SW16 2BH
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