Investment

LONDON

38 Avery Hill Road, SE9 2BD

Prominent Freehold Retail Investment

Toolstation

  • New Eltham is a busy and affluent suburb in south-east London
  • Highly prominent trading location in a densely populated area
  • Well secured to a major multiple retailer
  • New 15 year lease (without a break)
  • Fixed rental uplifts
  • We have been instructed to seek offers on two bases:-
    • 1. For the freehold (Toolstation and the residential head rents), offers in excess of £1,540,000 (5.0% NIY)
    • 2. For a 999 year long leasehold interest on the Toolstation demise only, offers in excess of £1,500,000 (5.0% NIY) Reversionary to 5.5% in 2022 and 6% in 2027 with the fixed rental increases

 

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