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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
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 7.19% |
| Sale Type | Investment |
| Net Initial Yield | 7.19% |
| Tenure | Long Leasehold |
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.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit Restaurant | 1,805 sq ft | Retail | £635,000 (£351.80/sq ft) | £45,656.50 |
Unit Restaurant
| Unit Size |
| 1,805 sq ft |
| Unit Use |
| Retail |
| Price |
| £635,000 (£351.80/sq ft) |
| NOI |
| £45,656.50 |
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Unit Restaurant
| Unit Size | 1,805 sq ft |
| Unit Use | Retail |
| Price | £635,000 (£351.80/sq ft) |
| NOI | £45,656.50 |
| Sale Type | Investment |
| Net Initial Yield | 7.19% |
| Tenure | Long Leasehold |
| 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.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 |
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Nearby Major Retailers
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Street
Map
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120 Union St
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