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