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The property comprises a high yielding retail investment positioned on a prime retail pitched.
Arranged as two ground floor retail units with 8 x flats to the upper parts (sold on a long leasehold basis) the property is fully let and producing a total aggregate rent of £25,750 per annum.
Both ground floor retail units are let to the same tenant, Moda Foods Limited trading as Mannadew, a specialist gluten-free bakery. The tenant is a long standing occupier from 2015 and has recently displayed confidence in the location by taking a lease over No.171.
No. 169 is let on a 15 year lease expiring 23.11.2036 and paying £16,000 per annum
No. 171 is let on a 10 year lease expiring 10.09.2034 and paying £9,250 per annum
The upper parts are let on two separate 250 year long leaseholds to Merhav (Surrey) Limited producing a total aggregate ground rent of £500 per annum.
The property benefits from a prominent frontage to Battersea High Street, the area is characterised by a number of boutique retailers and leisure occupiers.
Tenure
Freehold
Tenancy
Please see the tenancy and accommodation schedule for more information.
Rent