196-198 trafalgar road, greenwich, london...
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www.kingsbury-consultants.co.uk
RETAIL INVESTMENT OPPORTUNITY FOR SALE
196-198 TRAFALGAR ROAD, GREENWICH, LONDON SE10 9ER
SUMMARY• 2-storey retail building extending to approximately 2,809ft2
• Let to Boots until February 2021 producing £41,500 per annum
• Potential for mixed-use development, subject to obtaining all necessary consents
• Prominent location on a popular road and in close proximity to Maze Hill Station
• Offers invited in the region of £775,000 for the freehold interest, reflecting 5% NIY and £276 per ft2
DESCRIPTIONThe property comprises a 2-storey retail building (A1 Use Class) extending to approximately 2,809ft2 (261m2).
The ground floor is used for the sales and the 1st floor provides ancillary offices and staff areas.
The site area extends to approximately 0.05 acres and is bounded by mixed-use properties to the east, south and west.
LOCATIONThe property is located on Trafalgar Road, within the Royal Borough of Greenwich.
The immediate area comprises a mix of residential and commercial uses, with numerous shops and local amenities also located on Trafalgar Road. Nisa Local is situated to the west of the property and The Co-op is to the east.
The nearest station is Maze Hill which is located 0.4 miles (circa 9 mins walk) from the property, providing South Eastern trains to London Cannon Street in 19 minutes.
www.kingsbury-consultants.co.uk
Jordan Oldfield– 020 7183 [email protected]
Keir Goldstein – 020 7183 [email protected]
CONTACTTo discuss any aspect of this property or the disposal process, please contact the Seller’s sole agents:
TENUREThe property will be sold freehold subject to the existing tenancy remaining in situ.
TERMSOffers are invited in the region of £775,000, which reflects 5% NIY and £276 per ft2.
VATThe property is not elected for VAT.
ADDITIONAL INFORMATION
Further information can be found in our dataroom using the
password ‘Trafalgar’.
PLANNING & DEVELOPMENT POTENTIAL
The property is not locally or statutorily listed, nor is it situated within
a Conservation Area.
The property offers potential for redevelopment with a mixed-use
scheme, subject to obtaining all necessary consents.
Further planning enquiries should be directed to the Royal Borough
of Greenwich on 020 8921 5019.
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
Kingsbury1st Floor, 81 Alie Street, London E1 8NH
RETAIL INVESTMENT OPPORTUNITY FOR SALE
TENANCY
The entire property is let to Boots (www.boots.com) on a 5 year FRI
lease from 10th February 2016 for a current rent of £41,500 per
annum.
The lease is subject to a tenant only break clause in the third year
(10th February 2019) subject to 6 months written notice.