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120 Union St 1,805 sq ft Retail Unit Offered at £635,000 in London SE1 0FT
Investment Highlights
- Excellent transport links
- Located in the heart of London
- Diverse array of local amenities
Executive Summary
Nestled in the heart of one of London's most dynamic neighbourhoods, this property offers unparalleled access to a vibrant array of local amenities that cater to a sophisticated lifestyle. Local bars and restaurant include Caravan, Brix, Mc & Sons, Itsu together with luxury hotels such as Hilton London Bankside, Hoxton Southwark, Sea Containers and ctizenM Bankside.
1 Unit Available
Unit Restaurant
| Unit Size | 1,805 sq ft | Sale Type | Investment |
| Price | £635,000 | Tenure | Long Leasehold |
| Price Per sq ft | £351.80 | Net Initial Yield | 7.19% |
| Unit Use | Retail | NOI | £45,656.50 |
| Unit Size | 1,805 sq ft |
| Price | £635,000 |
| Price Per sq ft | £351.80 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.19% |
| NOI | £45,656.50 |
Description
The premises comprise a restaurant unit arranged over ground and mezzanine floors, situated within a modern corner development. The restaurant is accessed via a double height ground floor entrance hall and has recently been refurbished. The ground floor provides a kitchen, bar and seating area, with the mezzanine providing additional seating, preparation area, cold store, and WC's.
Sale Notes
The Vendors are seeking offers of £635,000 for the long leasehold interest, reflecting a cap value of £352 per sq ft and an initial yield of 7.19% rising to a minimum of 8.24% in May 2027.
Property Facts
| Total Property Size | 1,805 sq ft | Floors | 11 |
| Property Type | Retail (Unit) | Typical Floor Size | 900 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 2014 |
| Costar Property Class | B | Total Plot Size | 0.11 ac |
| Total Property Size | 1,805 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 11 |
| Typical Floor Size | 900 sq ft |
| Year Built | 2014 |
| Total Plot Size | 0.11 ac |
Nearby Major Retailers
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120 Union St
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