* High Yielding Retail Investment
* Prominent Corner Unit with Return Frontage
* Let to a Private Individual Trading as Dry Cleaners
* Lease Expires 01/12/2031 (8 Years Term Certain)
* Producing £23, 010 per annum
* Asset Management Potential
* Guide Price Reflects a Gross Yield of 9. 2%
* No VAT
**Strapline**
Auction Sale - 21/11/2023
High Yielding Retail Investment
Prominent Corner Retail Unit In Desirable Location
Let with Eight Years Unexpired - Producing £23, 010 per annum
**Description**
The property comprises a prominent retail unit in the established an popular
area of Clapham South.
The property is let to a private individual trading as a dry cleaners on a 15
year lease expiring 01/12/2031 and paying a rent of £23, 000 per annum. The
upper parts are sold off on a long leasehold basis paying a ground rent of £10
per annum.
Situated at the corner of Nightingale Lane and Blandfield Road, the property
sits at the end of a popular local parade and benefits from an attractive
return frontage.
**Location**
* Clapham South Underground (Northern Line) - 0. 4 miles
* Wandsworth Common Station - 0. 6 miles
* Balham Station - 0. 6 miles
**Tenancy**
The property is let to a private individual trading as a dry cleaners on a 15
year lease expiring 01/12/2031 and paying a rent of £23, 000 per annum.
The lease is on effective Fri terms and includes upward only, open market rent
reviews every 5th year.
The upper parts are sold off on a long leasehold basis (107 years unexpired)
paying a ground rent of £10 per annum.

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