- Dimensions: 70 m2
The subject property fronts on to Garratt Lane. The property consists of a ground floor D1 unit in accordance with the Town & Country planning act 1987. The ground floor retail unit is occupied by Earlsfield Dental Practice.
Location: The property is located within 2 minutes of Earlsfield Station on the busy thoroughfare of Garratt Lane (A217), other nearby retailers include Dominos, Ladbrokes, Goodfellas, Café La Pernella and Meat Rack. The property benefits from excellent transport links with Earlsfield train station (South Western Trains) 0.3 miles away which provides access to Waterloo, Tooting Broadway Underground Station is also 1.1 miles (Northern Line). Several local bus routes also run along Garratt Lane such as 77, 270 and 44.
Terms & conditions: The ground floor retail premises are let to Earlsfield Dental Practice on an internal repairing and insuring lease for a term of 15 years from 1st February 2016, expiring on 31st January 2031, with a break at year 8. The current commercial annual rent is £14,000 per annum and is subject to an open market rent review at the end of the fifth year. The lease is held inside the provisions of the Landlord and Tenant Act 1954 Pt II s.24-28.
Sale: We are instructed to seek offers in the region of £250,000.00 subject to contract. A purchase at this level would reflect a net initial yield of 5.46%, having allowed for purchaser’s costs at 5.05%.
- Earlsfield (0.3 miles)
- Wimbledon Park (0.6 miles)