74 Elm Park, 74 Elm Park, London
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Tenure
Freehold
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Mixed Use Investment
- Retail Unit with Residential Upper Parts
- Ground Floor Let on Five Year Lease Expiring 19.12.2029
- Upper Parts Sold Long Leasehold
- Prominent High Footfall Location
- VAT-Free Investment
- Investment Let at £12,075 p.a. (12.08% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with residential upper parts, the ground floor is let to a private individual trading as a barbers on a five year lease expiring 19.12.2029 and paying £12,000 per annum. The current passing rent is £11,100 per annum, but includes fixed annual increases of £300 up to £12,000, the vendor will therefore "top up" the rent to this level.
The upper parts are sold off on a long leasehold expiring 23.09.2180 and paying a ground rent of £75 per annum.
The property benefits from a frontage to Elm Park and forms part of the local retail amenity for the surrounding residential area. Elm Park directly connects to Brixton Hill, a principal arterial route.
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- 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.
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- BREEAM rating
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- Environmental description
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Brochure
74 Elm Park, 74 Elm Park, London
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Disclaimer - Property reference 2DE3D3D7-829B-41BF-80C9-E98CFEB9CB38. 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 Savills National , Savills Auctions- Commercial. 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.