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41-43 West Hl 1,325 sq ft 100% Let Retail Property London SW18 1RB £3,000,000 (£2,264.15/sq ft) 5.98% Net Initial Yield
Investment Highlights
- Affluent Wandsworth location with strong residential and commercial demand
- Prominent corner position on a busy arterial route in South West London
- Excellent transport links via Wandsworth Town Station and A3/A24 road network
Executive Summary
Freehold terraced block of 4 buildings comprising 4 ground floor commercial units (3 units are interconnected) and 7 x 2-bedroom apartments.
All apartments are let on Rolling Tenancy Agreements producing £179,400 pa in total.
The total NIA is approx. 848.5 sqm (9,135 sqft) and GIA is approx. 945 sqm (10,171 sqft).
Asset management and redevelopment opportunities, subject to obtaining all necessary planning consents.
The ground floor is currently under discussion for a lease to a major supermarket at £80,000 pa.
The guide price reflects £295 - £320 psf Capital Value (on GIA).
All apartments are let on Rolling Tenancy Agreements producing £179,400 pa in total.
The total NIA is approx. 848.5 sqm (9,135 sqft) and GIA is approx. 945 sqm (10,171 sqft).
Asset management and redevelopment opportunities, subject to obtaining all necessary planning consents.
The ground floor is currently under discussion for a lease to a major supermarket at £80,000 pa.
The guide price reflects £295 - £320 psf Capital Value (on GIA).
Property Facts
Sale Type
Investment or Owner Occupier
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Size
1,325 sq ft
Year Built
1930
Price
£3,000,000
Price per sq ft
£2,264.15
Yield
5.98%
NOI
£179,400
Occupancy Rate
100%
Number of Floors
2
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Nearby Major Retailers
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41-43 West Hl
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