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9 Lyon Rd

3,661 SF 100% Leased Light Industrial Building London SW19 2RL £225,000 (£61/SF)

Investment Highlights

  • Established industrial estate
  • A detached, 1950’s style industrial unit
  • Walking distance of South Wimbledon and Colliers Wood Underground stations

Executive Summary

Head Lease held for a term of 63 years from 25/3/1968 expiring on the 24/3/2031. A current ground rent of £5,510 p.a is payable. The lease provides for 21-year rent reviews. No further reviews. An FRI sub lease is held for a term of 12 yrs from the 01/02/2019 expiring on the 31/01/2031 with 5 yearly upward rent reviews to Falcon Works Ltd. Current rent is £43,000 per annum exclusive. Sub lease Inside the L&T Act 1954 Part 2.

Property Facts

Price £225,000
Price Per SF £61
Sale Type Investment
Tenure Long Leasehold
Property Type Light Industrial
Property Subtype Light Manufacturing
Building Class B
Rentable Building Area 3,661 SF
Number of Floors 2
Year Built/Renovated 1957/2009
Parking Ratio 2.19/1,000 SF

Amenities

  • Security System
  • Yard
  • Storage Space

Utilities

  • Heating

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Falcon Works Ltd
  • Rental and Leasing Services
  • 3,661 SF
  • £11.75
  • Feb 2031
Tenant Industry SF OCCUPIED RENT/SF Lease End
Falcon Works Ltd Rental and Leasing Services 3,661 SF £11.75 Feb 2031
  • Listing ID: 21596539

  • Date on Market: 25/11/2020

  • Last Updated:

  • Address: 9 Lyon Rd, London SW19 2RL

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