Property photos
Just added
Freehold
£500,000
(£268.53/sq. ft)
Leisure/hospitality for sale
2-4 Leigham Court Road, London SW161,862 sq. ft
Local area information
Property location
Nearby amenities
- Streatham Hill 0.1 miles
- The Livity School (SEN) 0.2 miles
- Dunraven School 0.3 miles
- Streatham (Greater London) 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Streatham Hill, Manor Park and Tulse Hill to find out more about the local area.
Features and description
- Freehold
- 7.2% Gross yield, before any purchaser costs
- Sale price £500,000 for the benefit of the Long Leasehold
- Freehold also available subject to further negotiation
- Current Income - £36,000 per annum
- Current tenant - Body Fit Training (bft)
- Prominent Location - Close to Streatham Hill Station
Description
Head lease/long lease : The virtual-freehold/long leasehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). The long leasehold is subject to a Ground Rent of £300 per annum
The Freehold is also available at an additional price - terms on application/subject to further negotiation
The purchase price of £500,000 reflects a Gross Yield of 7.2% before any purchaser costs
tenant details : The premises are let on a Fri lease to a Body Fit Training (“bft”) gym franchisee, who also owns a second bft gym in Battersea, London.
Tenancy details : The property is let on a Fri lease to fhl Streatham Ltd (with a guarantor from fhl Battersea Ltd), for a term of 10-years (held outside The 1954 Act) expiring in August 2035. The lease allows for a tenant-only break option which can be exercised in August 2030
The current rent is £36,000 per annum exclusive, with the next rent review in August 2030 (upwards-only, rpi-index based). A 3-month rent deposit is held as a lease security.
The Tenant benefits from a rent-free period until 11th March 2026.
Location
The premises are situated on Leigham Court Road close to the prominent junction with Streatham High Road (A23)
Streatham Hill offers a high density of residential occupiers as well as national and local retail/office occupiers in close proximity.
Streatham Hill National Rail Station, Marks & Spencer and the London Square Streatham Hill residential development are all within 2 minutes walk
The property is located within the London Borough of Lambeth
Head lease/long lease : The virtual-freehold/long leasehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). The long leasehold is subject to a Ground Rent of £300 per annum
The Freehold is also available at an additional price - terms on application/subject to further negotiation
The purchase price of £500,000 reflects a Gross Yield of 7.2% before any purchaser costs
tenant details : The premises are let on a Fri lease to a Body Fit Training (“bft”) gym franchisee, who also owns a second bft gym in Battersea, London.
Tenancy details : The property is let on a Fri lease to fhl Streatham Ltd (with a guarantor from fhl Battersea Ltd), for a term of 10-years (held outside The 1954 Act) expiring in August 2035. The lease allows for a tenant-only break option which can be exercised in August 2030
The current rent is £36,000 per annum exclusive, with the next rent review in August 2030 (upwards-only, rpi-index based). A 3-month rent deposit is held as a lease security.
The Tenant benefits from a rent-free period until 11th March 2026.
Location
The premises are situated on Leigham Court Road close to the prominent junction with Streatham High Road (A23)
Streatham Hill offers a high density of residential occupiers as well as national and local retail/office occupiers in close proximity.
Streatham Hill National Rail Station, Marks & Spencer and the London Square Streatham Hill residential development are all within 2 minutes walk
The property is located within the London Borough of Lambeth
Floor plans and tours
Floor plans (1)
More information
Listed by
Stirling Ackroyd - Commercial
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