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2-4 Leigham Court Rd 2,389 sq ft Retail Unit Offered at £500,000 in London SW16 2PD
INVESTMENT HIGHLIGHTS
- Excellent transport links
- Recently let on a FRI lease
- Heavy pedestrian traffic
EXECUTIVE SUMMARY
The premises are situated on Leigham Court Road, a short walk from Streatham Hill Train Station, near to the junction with Streatham High Road. Leigham Court Road is a busy thoroughfare and bus route, linking Streatham Hill with Streatham Common. The property is prominent and highly visible.
PROPERTY FACTS
| Total Property Size | 72,000 sq ft | Floors | 7 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 9,355 sq ft |
| Property Subtype | Apartment | Year Built | 1958 |
| Costar Property Class | B | Total Plot Size | 2.53 ac |
| Total Property Size | 72,000 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 7 |
| Typical Floor Size | 9,355 sq ft |
| Year Built | 1958 |
| Total Plot Size | 2.53 ac |
1 UNIT AVAILABLE
Unit 2-4
| Unit Size | 2,389 sq ft | Sale Type | Investment |
| Price | £500,000 | Tenure | Freehold/Long Leasehold |
| Price Per sq ft | £209.29 | Net Initial Yield | 6.77% |
| Unit Use | Retail | NOI | £33,850 |
| Unit Size | 2,389 sq ft |
| Price | £500,000 |
| Price Per sq ft | £209.29 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Net Initial Yield | 6.77% |
| NOI | £33,850 |
DESCRIPTION
The premises has recently been let on a FRI lease to a Body Fit Training (“BFT”) gym franchisee, who has recently
opened for trade.
SALE NOTES
The virtual-freehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). There is a ground rent payable of £300 pa.
The Freehold is also available - terms on application. A purchase at this price reflects a Net Initial Yield of 6.77%, after Standard Purchaser’s Costs of 6.32%.
2-4 ext
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2-4 Leigham Court Rd
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