We are please to bring to the open market this very attractivecommercial rental investment. Currently let to German Doner Kebab which has become one of the fastest growing fast food company with more than 50 stores throughout Europe and the Middle East. The property is situated in a prime location in Catford and measures approximately 1,650sqft
Tenancy Information:
The property is currently let to Dynasty Investments Limited t/a German Doner Kebab (GDK) for a term of 15 years from July 2018 at a current rent of £37,000 per annum and the lease IS FRI Rent review in June 2022, 2026 & 2030.
Investment Points:
Purchase Price: £595,000 Gross Initial Yield: 6.22% Rental Income: £37,000 p.a. VAT is NOT applicable to this property. Ground floor lockup shop with full catering use Long leasehold sale Leasehold. New 999 year lease from completion at a fixed ground rent of a peppercorn.
The property is let to Dynasty Investments Limited t/a German Doner Kebab (GDK) Total area size of 156.00 sq m (1,679 sq ft)
Business Rates
London Borough Of Croydon
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
