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1-5 Bond St 7,500 sq ft 100% Let Retail Property London W5 5AP £1,850,000 (£246.67/sq ft) 5.72% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great location
- High daytime foot traffic
- Exceptional transport links
- Let to undoubted covenant of Nando's Chickenland Limited
EXECUTIVE SUMMARY
The subject property is an attractive period building comprising a well configured restaurant unit arranged over ground and basement floors. There are substantial residential upper parts on first, second and third floors which are accessed via a rear service road. The front elevation has fully glazed retail frontages with a redbrick façade on the upper floors. Nando’s have recently refurbished the ground and basement floors substantially showing their commitment to the property. The upper parts comprise 6 flats let on a 999 years lease with access via a passageway leading to the rear of the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
7,500 sq ft
Costar Property Class
B
Year Built
1909
Price
£1,850,000
Price per sq ft
£246.67
Yield
5.72%
NOI
£105,820
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Frontage
46 ft on Bond St
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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1-5 Bond St
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