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36 Roehampton High Street, SW15 Investment for sale

£150,000

Property description

    Property features

  • Investment
    (Retail)
  • Dimensions: 44 m2
    (474 ft2)

The property comprises a mid-terrace mixed-use retail and residential building arranged over lower ground, ground, first and second floors. Fronting Roehampton High Street at ground floor level is Reds hair salon. The unit has independent access from the high street and comprises a salon area at ground floor with lower ground kitchen, W.C. and ancillary/storage space.

Location: The property is located in the affluent London suburb of Roehampton on the sought after Roehampton High Street, which features a parade of local shops including William Hill and the Post Office. To the east, Roehampton High Street provides access to the wide green spaces of Putney Heath and bus links into Central and West London as well South and West into Surrey. Additionally, the property is less than 1.5 miles from Putney which offers mainline train services in and out of London as well as the District Line Underground service. Putney is also one of London’s major suburban retailing centres.

Terms & conditions: The ground and lower ground floor shop premises are let to Nicola Jane Redman t/a ‘Reds’ on a full repairing and insuring lease for a term of 10 years from 30th September 2016, expiring on 29th September 2026 with a Tenant only option to break at the end of the fifth year of the term. The current annual rent is £9,000 per annum and is subject to a rise to £10,000 per annum on 30th September 2018. The rent is thereafter subject to an upward only rent review at the end of the fifth year of the term. The lease is held outside the provisions of the Landlord and Tenant Act 1954 Part II s.24-28.

Additional information

Tenure

Long leasehold

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