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18-18A Cheam Common Rd 652 sq ft Retail Property Worcester Park KT4 8RW £300,000 (£460.12/sq ft) 3.67% Net Initial Yield
Investment Highlights
- Prominent location
- Situated within an established parade of shops
- Benefits from excellent road communications
- Heavy daytime foot traffic
Executive Summary
The entire property is at present let to A Furness for a term of 10 years from 23rd July 2014 at a current rent of £11,000 per annum and the lease contains full repairing and insuring covenants. Rent Review in the fifth year and the review for 2019 is outstanding. Tenant break option on 23rd July 2019 was not exercised.
The property comprises a ground floor shop with first floor residential flat
The property comprises a ground floor shop with first floor residential flat
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
652 sq ft
Costar Property Class
B
Year Built
1990
Price
£300,000
Price per sq ft
£460.12
Yield
3.67%
NOI
£11,010
Tenancy
Single
Number of Floors
2
Plot ratio
0.52
Total Plot Size
0.03 ac
Parking
2 Spaces (3.07 Spaces per 1,000 sq ft Leased)
Frontage
15 ft on Cheam Common Road
Amenities
- Bus Route
- Commuter Rail
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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18-18A Cheam Common Rd
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