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112 Portland Rd 3,708 sq ft Retail Property London SE25 4PJ £1,496,000 (£403.45/sq ft) 6.50% Net Initial Yield
Investment Highlights
- Serves the densely populated local catchment area
- Nearest convenience store to Norwood Junction station
Executive Summary
A modern purpose built convenience store of traditional construction forming the ground floor of a mixed use block.
Seeking offers in the region of £1.496m, reflecting a net initial yield of 6.5% after purchasers costs of 6.28%.
*Rent free period to be deducted from purchase price.
Seeking offers in the region of £1.496m, reflecting a net initial yield of 6.5% after purchasers costs of 6.28%.
*Rent free period to be deducted from purchase price.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,708 sq ft
Costar Property Class
C
Year Built
1900
Price
£1,496,000
Price per sq ft
£403.45
Yield
6.50%
NOI
£97,240
Tenancy
Single
Number of Floors
2
Plot ratio
0.40
Total Plot Size
0.21 ac
Frontage
37 ft on Portland Road
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Nearby Major Retailers
1 of 8
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112 Portland Rd
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