32 Montpelier Vale, London, Greater London, SE3 0TA

Description

A ground floor lock-up shop premises, one of the larger retail outlets in the Village, let to Pets Corner. In addition there are 2 self-contained flats above both sold on residential leases - one having approximately 67 years unexpired. Shop let to multiple covenant at £56,000pa Assignment of 15 year FRI lease from May 2023 incorporating 5 yearly rent reviews Next rent review May 2028 No provision for early termination Lease within 1954 Landlord and Tenant legislation Significant potential for rental uplift Potential premium for residential lease extension Current total income approximately £56,000 pa *Pets corner turnover for year end September 2023 £90m + and profits before tax of £9.3m