If it's cheap even for the area then there's probably something wrong with it / it will go for well over asking.
The lease is really low, but i've been given a quote (from the freeholder) regarding the cost of renewing it. Even factoring in this extra cost it is still reasonable (for London).
@NickCJ started
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If it's cheap even for the area then there's probably something wrong with it / it will go for well over asking.