107 Church Rd
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107 Church Rd
1,500 SF Retail Building London SE19 2PR £495,000 (£330/SF)
Investment Highlights
- Freehold investment for sale
- Restaurant let at £34,000pa
- Three short lease flats each with 58 years unexpired
- Located opposite ‘The Triangle‘ in Crystal Palace SE19
- 15 years with no break clauses
Executive Summary
An opportunity for investors to acquire a freehold commercial investment and three short-lease flats, each with just 58 years unexpired.
The ground and basement floor commercial unit measure c. 1,500 sqft and is occupied by an established restaurant business called ‘Yak & Yeti’ which has been in occupation for over 15 years. In June 2024 the tenant entered into a new 15-year lease at an initial passing rent of £34,000pa, there are rent reviews every 5th anniversary and no break clauses. The lease includes a personal guarantee, and a deposit is held by the landlord.
The uppers include three flats sold off on long leases with just 58 years unexpired and the ground rents total £400pa. We understand the reversionary value to be in the region of £40,000 per flat and buyers are advised to carry out their own due diligence in this regard.
The property will be sold, subject to Section 5’s being served to
the long leaseholders.
The ground and basement floor commercial unit measure c. 1,500 sqft and is occupied by an established restaurant business called ‘Yak & Yeti’ which has been in occupation for over 15 years. In June 2024 the tenant entered into a new 15-year lease at an initial passing rent of £34,000pa, there are rent reviews every 5th anniversary and no break clauses. The lease includes a personal guarantee, and a deposit is held by the landlord.
The uppers include three flats sold off on long leases with just 58 years unexpired and the ground rents total £400pa. We understand the reversionary value to be in the region of £40,000 per flat and buyers are advised to carry out their own due diligence in this regard.
The property will be sold, subject to Section 5’s being served to
the long leaseholders.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,500 SF
Building Class
C
Year Built
1905
Price
£495,000
Price Per SF
£330
Tenancy
Single
Number of Floors
4
Building FAR
0.80
Lot Size
0.04 AC
Frontage
21 ft on Church Road
Amenities
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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107 Church Rd
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