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115-115A Merton Rd 686 sq ft 100% Let Retail Property London SW19 1ED £665,000 (£969.39/sq ft) 6.36% Net Initial Yield
Investment Highlights
- 7 minute walk from South Wimbledon Underground station
- Numerous bus routes
- 12 minute walk from Wimbledon Train station
Executive Summary
£665,000 for the freehold interest subject to the various tenancies.
Net Initial Yield 6.36%. After purchaser's costs of 4.92% Gross yield 6.68%.
The ground and lower ground floors comprise a retail unit and takeaway, together with a flat accessed from the rear. All are let offering secure income in this popular location.
The upper floors comprise three flats, which have been sold on long leases.
Net Initial Yield 6.36%. After purchaser's costs of 4.92% Gross yield 6.68%.
The ground and lower ground floors comprise a retail unit and takeaway, together with a flat accessed from the rear. All are let offering secure income in this popular location.
The upper floors comprise three flats, which have been sold on long leases.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
686 sq ft
Costar Property Class
B
Year Built
1925
Price
£665,000
Price per sq ft
£969.39
Yield
6.36%
NOI
£42,294
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.40
Total Plot Size
0.04 ac
Frontage
14 ft on Merton Road
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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115-115A Merton Rd
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