- High yielding mixed-use freehold investment.
- The building is currently undergoing comprehensive refurbishment.
- Ideally located in the heart of Streatham High Road 0.1 miles from Streatham Hill station (Thameslink) offering easy access to Clapham Junction within 10 minutes and London Victoria in just 17 minutes.
- The property is arranged as a Pub over ground and basement (5,453 sq ft) and a Hotel (18 en suite bedrooms) over first and second floors (4,515 sq ft).
- Total GIA – 9,968 sq ft.
- The Pub is let to Hannah Wimbledon Limited t/a Stanley’s of Streatham (Rhapsody Group) on a 15 year lease expiring 23rd July 2039, at an annual rent of £100,000 per annum.
- The Hotel has an Agreement for Lease (AFL) to Limehome Hospitality UK Ltd (guaranteed by Limehome Germany GMBH) for 15 years expiring 29th June 2040, at an annual rent of £252,720 per annum. Completion of the AFL set for 30th June 2025 following completion of landlord works.
- WAULT to expiry 14.7 years.
- Total passing rent - £352,720 per annum.
- Freehold
PROPOSAL
Offer in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a Net Initial Yield of 8.28% assuming standard purchasers costs of 6.54%, and a low Capital Value of £401 per sq ft.
