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Retail Unit With Small Yard To The Rear, 91-93 Queen’s Road, Peckham, SE15 2EZ

2,152 Sq Ft / Retail / General Retail

Withdrawn - Last updated: 29 January 2024

The property comprises a ground floor commercial unit within a new development. There is a small yard demised to the rear of the property.

New 15 year FRI lease let to Pedder Property Sales Limited (Experian Credit Rating 96/100 Very Low Risk’). There are upward only rent reviews every 5 years. 

Location

The property is situated on the North side of Queen's Road in a prominent position directly adjacent to Sainsbury's. Queen's Road Peckham Station is approximately a 3 minute walk away, with easy connections to London Bridge via mainline rail services.

The property is served by numerous bus routes.

Nearby occupiers include Blackbird Bakery, Tesco Express and a selection of independent operators Inward investment into the area is highlighted by nearby developments, including Notting Hill Genesis’ scheme offering 333 new homes.

Accommodation

Ground Floor - 200 sq m (2,152 sq ft)

Frontage - 7.6m 

Terms

GUIDE PRICE - £XXX which reflects a Net Initial Yield of 6.2 (assuming purchaser s costs of 5%)

VAT - TBC

TENURE - The property is available by way of a new 999 year Long Leasehold (Virtual Freehold).

EPC - An EPC will be commissioned upon completion of the works.  Copies will be available upon request.

RENTAL INCOME - The passing rent is £XXX per annum

LEGAL COSTS - Each party is to be responsible for their own legal costs incurred in the transaction.

Specification

  • Guide Price: £XXX
  • 6.2% NIY
  • Passing Rent: £XXX p.a.x.
  • Virtual Freehold (999 Year Lease)
  • 15 Year Term – No Breaks


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