House For Sale, 221 Rye Lane, Peckham, London SE15

Description

For sale by auction 13/12/2022 £330,000 plus

freehold commercial investment (take-away shop) with development potential

Location & Description
A single storey ground floor take-away within this popular mixed commercial/residential area, near to the junction with Copeland Road, about mile south of Peckham High Street and mile from Peckham Rye railway/overground station.
Peckham lies about 4 miles from Central London.

Accommodation
Ground Floor: 727 sq ft (67.6 sq m)

Lease Details
The entire property is let on a repairing and insuring lease to Tasty African Restaurant Limited (trading as Philly's) for 15 years from 31.12.2014 at a current rent of £25,000 p.a. Rent reviews 2023 and 3 yearly. Mutual break clause every 3 years subject to 6 months' notice. The provisions of Sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded.

Note
1. There may be potential for extra floors (subject to obtaining all necessary consents).
2. £5,400 Rent Deposit held.
Auction Surveyor: Robert Woolfe
Contact:

Equivalent to £25,000 p.a. & offered with development potential subject to possession and obtaining all necessary consents

EPC Rating
B

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House For Sale £330,000 221 Rye Lane, Peckham, London SE15

House For Sale £330,000
221 Rye Lane, Peckham, London SE15