Status: Sold
Terms: Sold
Price: £1,415,000
Yield: 6%
31-35 Stafford Road, Wallington SM6 9AP
- Located in the affluent South London suburb of Wallington
- Situated 5 minutes from Wallington railway station in the town centre
- Newly developed retail unit let to Screwfix Direct Ltd for a term of 10 years from Practical Completion
- Screwfix Direct Ltd benefit from a Dun & Bradstreet credit rating of 5A1, a net worth of £569m and are a wholly owned subsidiary of Kingfisher plc.
- Rent of £90,000 per annum
- 250 year long leasehold at peppercorn (Virtual Freehold)
- Seeking offers in excess of £1.415m subject to contract and exclusive of VAT
- Net initial yield of 6% after allowance for purchaser’s costs of 6.05%
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