Retail premises for sale

The Cut, London SE1

A rare opportunity to purchase a freehold, mixed use investment with a ground floor retail unit (class E), recently tenanted by "Buns from Home" bakery, on a 15 year lease with 5 yearly rent reviews currently paying £45,000 per annum, and a seperate 3 bedroom maisonette on the 1st and 2nd floors, with a private south facing roof terrace on the 1st floor, and street level front door. The 3 bedroom maisonette is presently let on a yearly AST agreement and yielding an annual rent of £43,000. In the event of a sale the tenants can be given 2 months notice to hand over vacant possesion as agreed in the AST agreement. The total annual yield is £88,000 per annum.
The Cut is a semi pedestrainised street, well known for its array of shops, cafes, bars and restaurants, also a destination for theatre goers to the Old Vic and Young Vic theatres.
Southwark station is a 2 minute walk, and Waterloo 3 minutes.
Viewing by appointment. Sole Agents