46-54 High Street, Sutton

Investment - Sold

46-54 High Street, Sutton

Price

£3,925,000

Description

The property is currently held long leasehold from the Mayor and Burgess of the London Borough of Sutton for a term of 150 years from January 1986, with 121 years unexpired and is arranged over basement, ground, upper ground, first second and third floors. The rent is reviewed 5 yearly to the greater of £22,500 per annum or 12.5% of all rents receivable. The property is multi-let to Foxtons, Sharps Bedrooms and Nirvana Beauty with Sutton Housing Partnership Ltd occupying the office spaces on the ground and subsequent 1st to 3rd floors.

Net Initial Yield

7.5%

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700