For Sale Freehold Retail Investment Opportunity - Realla
For Sale Freehold Retail Investment Opportunity Offers Sought in Excess of £750,000 Let to Instant Cash Loans Limited, trading as
136 Clapham High Street, Clapham, London SW4 7UH
Accommodation: The premises have the following approximate floor areas: Ground Floor Upper Floors
60.51 sq m 36.09 sq m
651 sq ft 388 sq ft
Total Net Internal Floor Area:
96.60 sq m
1,039 sq ft
All dimensions and measurements are approximate, however these are based upon the principles laid down in accordance with the RICS Code of Measuring Practice.
Description: 136 Clapham High Street comprises a mid-terrace retail shop unit on ground floor, with ancillary office/stores at first and second floors with a small self-contained yard at the rear. The building is of traditional brick construction, primarily under a pitched roof with the single storey retail section to the front beneath a flat roof. Investment Summary An opportunity to acquire a good quality retail asset. Income secured against a Lease to Instant Cash Loans Limited, trading as The Money Shop who provide cheque encashment, unsecured and secured lending, including pawnbroking, together with the buying of gold, money transfers and foreign exchange services. Instant Cash Loans Limited is authorised and regulated by the Financial Conduct Authority Ref No: 681750. The Money Shop has a strong High Street and online presence with a network of 230+ stores throughout the UK. The premises are held on a Full Repairing and Insuring Lease with an unexpired term of approximately five years, with the Lease expiring on 23 August 2022. Rent review due on 24 August 2017. Potential for conversion of upper parts, subject to planning. Rental income £36,000 per annum exclusive, offering excellent prospects for rental growth. Tenancy: The premises are let on a Full Repairing and Insuring Lease for a term of 10 years from 24/08/2012 to Instant Cash Loans Limited, trading as The Money Shop, with a rent review due on 24/08/2017. The current passing rent is £36,000 per annum exclusive. Location: The property stands on the northern side of Clapham High Street, within close proximity of both Clapham Common and Clapham North Underground (Northern line). Nearby occupiers include Sainsbury's, W H Smiths and McDonalds. Tenure: The property is available Freehold for sale, subject to the existing tenancy. Proposal: Offers are sought in excess of £750,000 for the Freehold interest, subject to contract and exclusive of VAT. Legal Costs: Each party is to be responsible for their own costs in this transaction. Viewing: Strictly by appointment through Sole Agents
Centro Commercial Limited 020 8401 1000 See a selection of our properties at www.centro.plc.uk
136 Clapham High Street, Clapham, London SW4 7UH
Accommodation: The premises have the following approximate floor areas: Ground Floor Upper Floors
60.51 sq m 36.09 sq m
651 sq ft 388 sq ft
Total Net Internal Floor Area:
96.60 sq m
1,039 sq ft
All dimensions and measurements are approximate, however these are based upon the principles laid down in accordance with the RICS Code of Measuring Practice.
Description: 136 Clapham High Street comprises a mid-terrace retail shop unit on ground floor, with ancillary office/stores at first and second floors with a small self-contained yard at the rear. The building is of traditional brick construction, primarily under a pitched roof with the single storey retail section to the front beneath a flat roof. Investment Summary An opportunity to acquire a good quality retail asset. Income secured against a Lease to Instant Cash Loans Limited, trading as The Money Shop who provide cheque encashment, unsecured and secured lending, including pawnbroking, together with the buying of gold, money transfers and foreign exchange services. Instant Cash Loans Limited is authorised and regulated by the Financial Conduct Authority Ref No: 681750. The Money Shop has a strong High Street and online presence with a network of 230+ stores throughout the UK. The premises are held on a Full Repairing and Insuring Lease with an unexpired term of approximately five years, with the Lease expiring on 23 August 2022. Rent review due on 24 August 2017. Potential for conversion of upper parts, subject to planning. Rental income £36,000 per annum exclusive, offering excellent prospects for rental growth. Tenancy: The premises are let on a Full Repairing and Insuring Lease for a term of 10 years from 24/08/2012 to Instant Cash Loans Limited, trading as The Money Shop, with a rent review due on 24/08/2017. The current passing rent is £36,000 per annum exclusive. Location: The property stands on the northern side of Clapham High Street, within close proximity of both Clapham Common and Clapham North Underground (Northern line). Nearby occupiers include Sainsbury's, W H Smiths and McDonalds. Tenure: The property is available Freehold for sale, subject to the existing tenancy. Proposal: Offers are sought in excess of £750,000 for the Freehold interest, subject to contract and exclusive of VAT. Legal Costs: Each party is to be responsible for their own costs in this transaction. Viewing: Strictly by appointment through Sole Agents
Centro Commercial Limited 020 8401 1000 See a selection of our properties at www.centro.plc.uk
