TAKE OFFLINE - 145/159 High Street, Eltham, London, SE9
London - M25
Tenancy: Multi let
• Prominent retail investment occupying a prime High Street pitch.
• Retailers in the immediate vicinity include Debenhams, Marks & Spencer, Next, Sainsbury’s, Argos and Lidl.
• Total accommodation of 3,308.92 sq m (35,617 sq ft) arranged in four units over ground and three upper levels.
• Total rent passing of £416,000 per annum reflecting a low average overall rent of £125.72 per sq m (£11.68 per sq ft).
• Let to the national multiple retailers SportsDirect.com, Carpetright, Peacocks and Bathstore.com. • All tenants trade well from the units and benefit from Minimum Risk Dun & Bradstreet ratings.
• Secure income with an average weighted unexpired lease term of in excess of 6 years. • Freehold interest.
• Attractive Net Initial Yield for rack rented Greater London prime retail opportunity.
• Seeking offers in excess of £5.62 million (Five Million, Six Hundred and Twenty Thousand Pounds) a 7.00% Net Initial Yield after allowing for standard Purchaser’s costs of 5.80% subject to contract and exclusive of VAT.