Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a prime, high yielding, retail investment let to the undoubted covenant of Greggs Plc.
Arranged across ground and first floors, the property provides retail space to the ground floor with ancillary space to the first floor.
The property is fully let to Greggs Plc on a 10 year lease expiring 30/07/2027 and producing £89,350 per annum. The tenant did not serve their 2022 break option displaying confidence in the location.
Furthermore, the property offers asset management potential via an outstanding rent review from 2022.
The property benefits from a prime pitch fronting St John's Road, one of the principal retail streets in Clapham, therefore benefitting from high footfall. Nearby tenants include TK Maxx, McDonalds, Waitrose and M&S.
Tenure
Freehold
Tenancy
Greggs Plc
Planning
Whilst there are no extant planning consents, the property may be suitable for the extension and conversion of the upper parts to alternative uses, including residential (subject to the existing lease and any requisite consents).
Rent
Notes
Please note, the floor areas provided are from the VOA and are not to be relied upon.