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916 London Rd 820 sq ft Retail Property Thornton Heath CR7 7PE £215,000 (£262.20/sq ft) 5.25% Net Initial Yield
Investment Highlights
- High footfall London Road location
- A23 (London Road) provides direct access north towards Central London and south towards Croydon
- Densely populated suburban neighbourhood
Executive Summary
The subject property comprises a self-contained ground floor retail unit forming part of a three storey mid-terraced building of traditional construction with brickwork elevations.
The retail unit benefits from a glazed shop frontage onto Thornton Road and is currently trading as a convenience store. To the front of the property there is a small forecourt area, which the tenant utilises for the display and showcasing of stock.
Internally, the accommodation is arranged on a predominantly open plan basis and benefits from tiled flooring throughout, together with suspended ceilings incorporating recessed LED panel lighting. To the rear of the unit there is ancillary storage space together with WC facilities.
The retail unit benefits from a glazed shop frontage onto Thornton Road and is currently trading as a convenience store. To the front of the property there is a small forecourt area, which the tenant utilises for the display and showcasing of stock.
Internally, the accommodation is arranged on a predominantly open plan basis and benefits from tiled flooring throughout, together with suspended ceilings incorporating recessed LED panel lighting. To the rear of the unit there is ancillary storage space together with WC facilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
820 sq ft
Costar Property Class
B
Year Built
1970
Price
£215,000
Price per sq ft
£262.20
Yield
5.25%
NOI
£11,280
Tenancy
Single
Number of Floors
3
Plot ratio
0.82
Total Plot Size
0.02 ac
Frontage
20 ft on London Road
Amenities
- Signage
1 1
Nearby Major Retailers
1 of 3
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916 London Rd
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