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Leisure & Hotel Investments for Sale
Marshalsea Road, Borough, London, SE1
WithdrawnLeisure & Hotel Investments for Sale
Marshalsea Road, Borough, London, SE1
Withdrawn
Unit A is let to a Jiu Jitsu school and is arranged as a main open plan space with storage rooms, changing room and shower plus w.c.s around the perimeter.
The property is let to Carpe Diem BJJ Ltd for a term of five years from 14th September 2022 at a rent throughout the term of £55,000 per annum, exclusive of all outgoings.
There is a rolling mutual break option from 14th September 2024 on giving not less than six months prior notice.
Tenants full repairing terms within the demise.
The permitted use is as a dojo and mixed martial arts facility within Use Class E(d) or retail use within Use Classes E(a) and E(c) or offices within Use Class E(g).
Lease is outside the Landlord & Tenant Act.
Carpe Diem BJJ Ltd were established in November 2016.
PROPOSAL
The unit is offered for sale by way of a new 999 year leasehold with a peppercorn ground rent
Offers are sought in the region of £785,000.
This reflects a gross initial yield of 7%.
VAT is applicable.