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- Attractive Freehold Mixed-Use Investment in an Affluent London Location.
- Highly prominent corner property overlooking Clapham Common.
- Comprising three ground floor commercial units totalling 3,159 sq ft.
- Multi-let producing a total current passing rent of £170,950 pa.
- 39% of the income is secured to Starbucks, who have been in occupation since 2002 (c. 20 years).
- WAULT to expiry of 7.20 years.
- Ground rent income from 10 residential apartments totalling £3,450 pa.
- Ground rents double every 25-years, next increase in 2027.
- We are instructed to seek offers in excess of £2,850,000 (Two Million, Eight Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
- A purchase at the asking price would reflect a Net Initial Yield of 5.64%, assuming standard purchasers’ costs of 6.43%.
