Strettons Limited, Retail & Leisure

4 Robert Court, Sternhall Lane, Peckham, London, SE15 4BE

Offer in excess of

£1,050,000

Size

3,424

Tenure

Freehold

EPC

Parking

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Primary use
Other

Key features

  • Freehold Nursery & Residential Ground Rent Investment, with 11 flats sold off on long leasehold interests
  • The premises extends to 3,424 sq. ft GIA, the unit has use of 4 private car parking spaces
  • Occupied by Sunhill Day Nursery (part of The Old Station Nursery Group), with 78 nurseries across England and a £55m turnover
  • Let on a 15-year term expiring 13th November 2034, subject to mutual break option at 3rd November 2029 at a passing rent of £87,000 per annum, subject to review in November 2029 in line with RPI (uncapped)
  • Agreement in place to increase the rent to £92,989 per annum subject to completion of a schedule of lessor’s works, if implemented
  • The upper flats have been sold off on 125 year leases from 24th June 2007 at ground rents of £2,200 pa, doubling in 2032
  • Combined rents reserved of £89,200 per annum

Description

Description
Robert Court is a part 3 part 4-storey mixed-use block constructed in 2008 (planning application 04/AP/1283) comprising a self-contained commercial unit at ground floor level and 11 flats over the upper floors accessed via a separate residential entrance. There is also a small rear car park accessed via an undercroft driveway at one end of the block.

The commercial unit is fitted out and occupied in nursery use benefiting from extensive and active frontage along Sternhall Lane. The premises offers flexible and versatile accommodation with five separate double access doors into the unit from the street allowing for ease of future sub-division if ever required.

The premises is fitted with a range of classroom and soft play areas through the space, with two fitted and partitioned kitchen areas and fitted WCs (6 cubicles) for children and a further staff WC.

There are 4 car parking spaces demised to the commercial unit, with the balance demised to the flats.

Location
The property is located in south London in Peckham, within the London Borough of Southwark. Situated on the north side of Sternhall Lane close to its junction with Rye Lane, the property is close to a range of neighbouring household names such as Tesco, Anytime Fitness, Barclays Bank, and McDonalds, alongside a roster of local independent shops, cafes, and restaurants. The property is located a short walk from Peckham Rye Park and Common.

The area is well served by public transport with Peckham Rye station being 300m to the north (6 minute walk) providing access to the Windrush Line on the Overground network, and National Rail services, providing links to Victoria, Blackfriars, Clapham Junction, and London Bridge stations. Nunhead and East Dulwich are also within walking distance, both providing access to the National Rail network.
Strettons Limited, Retail & Leisure

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Energy performance certificate: C

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Brochure

4 Robert Court, Sternhall Lane, Peckham, London, SE15 4BE

NEAREST STATIONS

National Rail

Peckham Rye Station

0.24 miles

National Rail

Nunhead Station

0.61 miles

National Rail
London Overground

Queens Road Peckham Station

0.64 miles

About Strettons Limited, Retail & Leisure

Strettons Limited, Retail & Leisure

Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.

For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.

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Disclaimer - Property reference 318341-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons Limited, Retail & Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.