Prime Brixton investment available now
An opportunity to acquire a well-located South London retail freehold investment, prominently positioned on Acre Lane, one of Brixton'smost established and vibrant commercial thoroughfares. The commercial unit is let to Triad, on a 15 year lease from 2023, the award-winning chartiy retailer and leading advocate of sustainable fashion, providing a secure income stream of £60,000 per annum.
The freehold title includes next door (4 Acre Lane) and the 4 residential flats above,which are all sold off on a 999 year lease.
Location
Situated between Brixton and Clapham, Acre Lane benefits from strong footfall, excellent public transport connectivity and adiverse mix of independent retailers, cafés, restaurants and national operators. The area continues to experience significant investment and residential growth,underpinning its long-term occupational appeal.
Accommodation
Ground Floor - 1,111 sq ft
Basement - 1,081 sq ft
Terms
Terms - Land Registry Title & Register, copies of the commercial lease, EPC and floorplan available upon request.
Price - £850,000 reflecting 7% gross yield
Service Charge - n/a
Rates - RV: £54,000
Specification
- Freehold commercial investment for sale
- Ground floor commercial unit let to Traid, producing £60,000 per annum
- Commercial property next door sold on long lease
- 4 residential flats above sold on long leases
- Total income: £60,000pa
- Attractive gross yield of 7%