154 Rushey Green | London SE6 4HQ
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154 Rushey Green
London SE6 4HQ
Retail Property For Sale
Investment Highlights
- Heavy day time foot traffic
- Two residential flats above create additional income
- Corner location creates large store frontage
Executive Summary
The property consists of a ground floor shop with basement storage and two one-bedroom flats over on the corner of Winslade Way, being the entrance to Catford Shopping Centre, diagonally opposite the entrance to the Surrey Street Market.
The ground floor and basement lease is dated 31 July 2021 made between the Freeholder and Logica Soft Limited (Company No 08451211) for a term of 10 years from 7 February 2023 at a rent of £48,000 pa on the equivalent of full repairing and insuring terms. The lease is for the use as a retail shop for sale and repair of computers, mobile phones and as accessories thereto or any other use within Class A1 or A2 of the Town & Country Planning (Use Classes) Order 1987 (as at 31 August 2020) except that sale of fresh frozen fish or meat is prohibited.
Catford is one of the two busy town centres in the London Borough of Lewisham, situate in South East London. Rushey Green is the prime shopping street of Catford, with this unit being on the corner of Rushey Green/Winslade Way, the entrance to the Catford Shopping Centre (anchored by Tesco). Consequently, it is situate between the main crossing point of Rushey Green and that entrance way, has a significant return frontage to Winslade Way and is immediately opposite KFC. Currently Specsavers, Subway, Greggs, PureGym,
JenningsBet, Poundland, Nandos are along this side of Rushey Green with Costa Coffee, Weatherspoons, Kaspars etc being on the other side. Both sides of Rushey Green also have a number of various independent traders.
The ground floor and basement lease is dated 31 July 2021 made between the Freeholder and Logica Soft Limited (Company No 08451211) for a term of 10 years from 7 February 2023 at a rent of £48,000 pa on the equivalent of full repairing and insuring terms. The lease is for the use as a retail shop for sale and repair of computers, mobile phones and as accessories thereto or any other use within Class A1 or A2 of the Town & Country Planning (Use Classes) Order 1987 (as at 31 August 2020) except that sale of fresh frozen fish or meat is prohibited.
Catford is one of the two busy town centres in the London Borough of Lewisham, situate in South East London. Rushey Green is the prime shopping street of Catford, with this unit being on the corner of Rushey Green/Winslade Way, the entrance to the Catford Shopping Centre (anchored by Tesco). Consequently, it is situate between the main crossing point of Rushey Green and that entrance way, has a significant return frontage to Winslade Way and is immediately opposite KFC. Currently Specsavers, Subway, Greggs, PureGym,
JenningsBet, Poundland, Nandos are along this side of Rushey Green with Costa Coffee, Weatherspoons, Kaspars etc being on the other side. Both sides of Rushey Green also have a number of various independent traders.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,508 SF
Building Class
B
Year Built
1890
Price
$1,235,867
Price Per SF
$820
Cap Rate
5.72%
NOI
$70,730
Tenancy
Single
Building Height
3 Stories
Building FAR
0.75
Lot Size
0.05 AC
Frontage
13 FT on Rushey Green
Amenities
- Security System
- Automatic Blinds
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