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£220,000 OIEO

11-13 Perry Vale, London SE23 Ref: 28526

An opportunity to purchase an income-producing virtual freehold commercial investment opposite Forest Hill Train Station.

The property comprises two lock-up shops, both arranged entirely over the ground floor fronting Perry Vale. Each unit measures circa 350 sqft and is currently occupied by retailers (former A1 use), but will now benefit from the newly formed 'E' use class. As such, they are also suitable for café/restaurant and office/professional use.

11 Perry Vale is let for £12,000 per annum on a 12 year lease with approximately 9 years unexpired. There are no break options in the lease, but there are rent reviews every 3 years. The first rent review is due on 22nd November 2020. The unit is occupied by a barber.

13 Perry Vale is let for £8,500 per annum on a 3 year lease with approximately 2 years unexpired. There are no break options or rent reviews in this lease. The unit is occupied by a Spanish grocery store, and is under-let (ERV £12,000 PA).

The property is offered on a new 999 year lease (virtual freehold) at peppercorn rent.

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