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74 Northcote Rd

789 SF Retail Building London SW11 6QL £1,800,000 (£2,281/SF) 3.06% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Great local amenities
Situated in a densely populated area

Short walk to Clapham Junction Station

EXECUTIVE SUMMARY

The property is let under a lease to Franco Manca 2 UK Limited for a term until December 2038 (approx. 14 years unexpired) at a rent of £55,000 p.a. increasing to £56,500 p.a. from 11 June 2025, £57,500 p.a. from 11 June 2026 and £60,000 p.a. from 11 June 2027 and subject to review on the 11 June 2029 and 11 June 2034 (5 yearly). The Lease has a tenant right to break on 24th December 2034 (10 years) subject to at least 6 months notice A copy of the lease is available on request. The Landlord holds a rent security deposit and reinstatement deposit. The property is sublet to Meatailer Limited.

74 Northcote Road