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47 Stoke Newington Church St 674 sq ft Retail Unit Offered at £578,000 in London N16 0NX
INVESTMENT HIGHLIGHTS
- Good transport links
- Current income of £39,500 pax
- Array of local amenities
EXECUTIVE SUMMARY
The unit is located on Stoke Newington Church Street, at the junction with Lancell Street. The local area is predominantly residential and benefits from a good number of boutique and national operators on the street.
PROPERTY FACTS
| Total Property Size | 674 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 225 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1852 |
| Costar Property Class | B | Tenancy | Single |
| Total Property Size | 674 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 225 sq ft |
| Year Built | 1852 |
| Tenancy | Single |
AMENITIES
- Restaurant
- Storage Space
1 UNIT AVAILABLE
Unit 1
| Unit Size | 674 sq ft | Sale Type | Investment |
| Price | £578,000 | Tenure | Freehold |
| Price Per sq ft | £857.57 | Net Initial Yield | 6.50% |
| Unit Use | Retail | NOI | £37,570 |
| Unit Size | 674 sq ft |
| Price | £578,000 |
| Price Per sq ft | £857.57 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.50% |
| NOI | £37,570 |
DESCRIPTION
The unit is arranged over ground floor and basement, occupying a prominent corner position and benefiting from a good return frontage on Lancell Street.
SALE NOTES
Offers in the region of £578,000, which represents a Net Initial Yield of 6.5%, after deducting purchaser’s costs, and a reversionary yield of 6.84%.
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NEARBY MAJOR RETAILERS
National Westminster Bank Plc
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47 Stoke Newington Church St
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