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216 Selhurst Rd 1,694 sq ft 100% Let Retail Property London SE25 6XU £600,000 (£354.19/sq ft) 6.59% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Norwood Junction Railway Station is approximately 150m from the property
- Prominent building on arterial route
- Rail services to Epsom; East Croydon; Clapham Junction; London Victoria and London Bridge
EXECUTIVE SUMMARY
The site has residential development potential, with a large vacant basement and a rectangular area of hardstanding accessible from the rear. The site may be suitable for
conversion or extension, subject to planning permission.
Offers are invited in the region of £600,000 for the freehold interest subject to the existing tenancies.
conversion or extension, subject to planning permission.
Offers are invited in the region of £600,000 for the freehold interest subject to the existing tenancies.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,694 sq ft
Costar Property Class
C
Year Built
1980
Price
£600,000
Price per sq ft
£354.19
Yield
6.59%
NOI
£39,537
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.69
Total Plot Size
0.06 ac
Frontage
22 ft on Selhurst Road
AMENITIES
- Smoke Detector
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NEARBY MAJOR RETAILERS
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216 Selhurst Rd
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