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The property comprises a high yielding retail investment occupying a prominent high footfall pitch.
Arranged across ground floor only, the property comprises a retail unit with a frontage to Rye Lane let to a Private Individual t/a Olas Hair Stylist on a 15 year lease which expired 12.10.2023 and paying £33,000 per annum.
We understand the tenant is continuing to occupy the property and pay rent, and is therefore holding over. We consider the property offers asset management potential via renewal of the lease and improvement of rent.
The property occupies a prominent pitch fronting Rye Lane, a high footfall street forming part of the principal retail amenity in Peckham. The area benefits from low levels of vacancy with Peckham Rye station approx 0.2 miles to the north.
Tenure
Leasehold - New 250 Year Lease
Rent