Offers over
£900,000
(£813.74/sq. ft)
Retail premises for sale4A Monck Street, London SW1P
1,106 sq. ft
Added on
Ascent RE
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About this property
Prominent new build retail unit with extensive full height glazed frontage, forming part of the Westminster Quarter scheme by Taylor Wimpey.
Arranged entirely over ground floor, totalling 1,109 sq ft (103 sq m)
The property is let to Step By Me cic on a new iri lease for a term of 10 years from July 2023.
There is an upwards only Rent Review on the 5th year of the term, to the higher of open market review or linked to rpi with a cap and collar of 2% and 5% annually.
A rent deposit equal to 6 months' rent is held by the Vendor.
The property is held on Long Leasehold for a term of 999 years from November 2015 at a fixed peppercorn ground rent
Passing rent of £56,000 + VAT per annum
Offers sought in excess of £900,000, reflecting a niy of 6%, after purchasers costs of 3.4% and a capital value £812 per sq ft
Terms
56000
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