4 Robert Court, Sternhall Lane, Peckham, London, SE15 4BE
Freehold nursery & residential ground rent investment1,050,000
3,424 sq ft
investment
For Sale
Key features
- Freehold Nursery & Residential Ground Rent Investment, with 11 flats sold off on long leasehold interests
- Occupied by Sunhill Day Nursery (part of The Old Station Nursery Group), with 78 nurseries across England and a £55m turnover
- Agreement in place to increase the rent to £92,989 per annum subject to completion of a schedule of lessor’s works, if implemented
- Combined rents reserved of £89,200 per annum
- The premises extends to 3,424 sq. ft GIA, the unit has use of 4 private car parking spaces
- Let on a 15-year term expiring 13th November 2034, subject to mutual break option at 3rd November 2029 at a passing rent of £87,000 per annum, subject to review in November 2029 in line with RPI (uncapped)
- The upper flats have been sold off on 125 year leases from 24th June 2007 at ground rents of £2,200 pa, doubling in 2032
Property Description
Robert Court is a part 3 part 4-storey mixed-use block constructed in 2008 (planning application 04/AP/1283) comprising a self-contained commercial unit at ground floor level and 11 flats over the upper floors accessed via a separate residential entrance. There is also a small rear car park accessed via an undercroft driveway at one end of the block. The commercial unit is fitted out and occupied in nursery use benefiting from extensive and active frontage along Sternhall Lane. The premises
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