Property photos
Fixed price
£300,000
(£1,209.68/sq. ft)
Retail premises for sale
Strutton Ground, Westminster SW1P248 sq. ft
Local area information
Property location
Nearby amenities
- The Grey Coat Hospital 0 miles
- Burdett-Coutts and Townshend Foundation CofE Primary School 0.1 miles
- St. James's Park 0.2 miles
- Victoria 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for City of Westminster, Westminster and Millbank to find out more about the local area.
Features and description
- Comprises ground floor retail shop t/a barber
- Central London location within walking distance to Big Ben and Victoria train st
- Let until 2034. No breaks. Rent review in 2025 and 2030.
Investment Consideration:
Gross Initial Yield: 5.33%
Rental Income: £16,000 p.a.
Let until 2034. No breaks. Rent review in 2025 and 2030.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Property Description:
The property comprises ground floor retail shop t/a barber and provides the following accommodation and dimensions:
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks
Location:
Strutton Ground Market is a small street market held on weekdays near Victoria, London. The market is located on a narrow cobbled street - Strutton Ground - between Victoria Street and Greycoat Place/Great Peter Street. This market is one of the most centrally located street markets in London, being close to the Palace of Westminster and Victoria railway station. The property is located on pedestrianised Strutton Ground with occupiers nearby includes Greggs, Costcutter and Star Pharmacy, amongst others.
Gross Initial Yield: 5.33%
Rental Income: £16,000 p.a.
Let until 2034. No breaks. Rent review in 2025 and 2030.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Property Description:
The property comprises ground floor retail shop t/a barber and provides the following accommodation and dimensions:
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks
Location:
Strutton Ground Market is a small street market held on weekdays near Victoria, London. The market is located on a narrow cobbled street - Strutton Ground - between Victoria Street and Greycoat Place/Great Peter Street. This market is one of the most centrally located street markets in London, being close to the Palace of Westminster and Victoria railway station. The property is located on pedestrianised Strutton Ground with occupiers nearby includes Greggs, Costcutter and Star Pharmacy, amongst others.
More information
Listed by
Blue Alpine Partners
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