Gross Initial Yield: 6.22%
Rental Income: £37,000 p.a.
VAT is NOT applicable to this property
Comprises a ground floor retail shop trading as a restaurant/takeaway.
Leasehold. To be held on a 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) on a lease expiring 2033.
Total area size of 156.00 sq m (1,679 sq ft)
Nearby occupiers include Catford Shopping Centre, Barclays, KFC London, Argos, Nando`s, Domino`s and Post Office, amongst many more.
The property comprises a ground floor lock up shop trading as a restaurant/takeaway.
The property provides the following accommodation and dimensions:
Ground Floor: Shop 156.00 sq m (1,679 sq ft)
The property is at present let to Dynasty Investments Limited t/a German Doner Kebab (GDK) for a term of 15 years from 12th July 2018 at a current rent of £37,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 12.06.2022, 12.06.2026 and 12.06.2030. Option to determine on 12.06.2022 and 12.06.2026, with minimum 6 months notice.
GDK is the fast, casual brand that has taken Europe and the Middle East by storm with its healthy & nutritionally-balanced approach to traditional kebabs. GDK has more than 50 stores in Europe and the Middle East. Source: www.germandonerkebab.com
Catford is a district of south east London, England, and the administrative centre of the London Borough of Lewisham. It is southwest of Lewisham itself, mostly in the Rushey Green and Catford South wards. The district is served by two railway stations, Catford and Catford Bridge. Catford Station provides Thameslink services to Kentish Town, London Blackfriars, Orpington via Bromley South and to Sevenoaks via Bromley South and Swanley. Catford Bridge Station is served by Southeastern services to London Charing Cross, London Cannon Street via Lewisham and to Hayes. The district`s main road is A205 South Circular which crosses South London, running from Woolwich in the east to the junction of the A406 (North Circular Road), the M4 and the A4 at Gunnersbury in the west. Nearby occupiers include Catford Shopping Centre, Barclays, KFC London, Argos, Nando`s, Domino`s and Post Office, amongst many more.