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100-102 Wandsworth Bridge Rd 1,492 sq ft Retail Property London SW6 2TF £650,000 (£435.66/sq ft) 7.31% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated in a highly visible prime position
- Substantial double frontage
- Popular high street
EXECUTIVE SUMMARY
Rare double fronted freehold investment opportunity guiding £650,000. This reflects a NIY of 7.31%.
The premises is let to Movers Fulham Ltd, who are trading as Moves, a modern, beautifully furnished gym and health studio. The lease is 10 years from 13/11/2023, with a rent review at 5 years. They are currently paying £50,000 p.a. The property is not subject to VAT.
The premises is let to Movers Fulham Ltd, who are trading as Moves, a modern, beautifully furnished gym and health studio. The lease is 10 years from 13/11/2023, with a rent review at 5 years. They are currently paying £50,000 p.a. The property is not subject to VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,492 sq ft
Costar Property Class
B
Year Built
1903
Price
£650,000
Price per sq ft
£435.66
Yield
7.31%
NOI
£47,515
Tenancy
Single
Number of Floors
2
Floor To Floor Height
11 ft
Plot ratio
0.97
Total Plot Size
0.04 ac
Frontage
19 ft on Wandsworth Bridge Rd
AMENITIES
- Bus Route
- Security System
- Signage
- Storage Space
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NEARBY MAJOR RETAILERS
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100-102 Wandsworth Bridge Rd
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