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The property comprises a high yielding mixed use investment opportunity occupying a popular high footfall pitch.
Arranged as a ground floor retail unit with residential upper parts, the ground floor is let to a private individual trading as a barbers on a five year lease expiring 19.12.2029 and paying £12,000 per annum. The current passing rent is £11,100 per annum, but includes fixed annual increases of £300 up to £12,000, the vendor will therefore "top up" the rent to this level.
The upper parts are sold off on a long leasehold expiring 23.09.2180 and paying a ground rent of £75 per annum.
The property benefits from a frontage to Elm Park and forms part of the local retail amenity for the surrounding residential area. Elm Park directly connects to Brixton Hill, a principal arterial route.
Tenure
Freehold
Rent