Industrial development for sale
Property description & features
- Tenure: Freehold
- Excellent location next to Queen’s Road Peckham Station
- The property is subject to an under-lease with ‘Pedder Property’, paying £50,000pax (£23psf) on a 15-year FRI lease (expiring 2035)
- Rent review upcoming in November 2024, with ERV forecasted at £58,000pax (£27psf)
- Pedder are an established property agency with ten London offices, including Queen’s Road
- We are ‘inviting offers in the region of £660,000 (£302psf & 7.6% gross yield)’ for the virtual freehold interest (999-year lease to be granted to purchaser
The five storey scheme, includes 6 x apartments on the upper floors and was constructed by Featherstone Homes in 2019.
Commercial unit extends 2,152sqft (NIA) and is laid out entirely over the ground floor.
Property is rented to established South London estate agency (Pedder). They have fitted the space out accordingly, benefitting from an open plan sales area, meeting room, 2 x WCs and kitchen.
Subject property is well located on the popular Queen’s Road and occupies the most prominent stretch of the High Street.
Established retailers including Sainsbury’s and Tesco Express are next door, along with popular local hotspot Blackbird Bakery close by.
The area benefits from excellent connectivity to transport links with Queen’s Road Station just a 3-minute walk away; providing access to National Rail and London Overground services.
Places of interest
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