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Banning St - Block 5 River Gardens 775 sq ft Medical Unit Offered at £310,000 in London SE10 0NA
INVESTMENT HIGHLIGHTS
- Dental practice investment
- RPI linked rent reviews (cap 8%, collar 2%)
- Prime Thames-fronting location in Greenwich
- Unbroken 15 year FRI lease
- Deposit and personal guarantees
- New build development block
EXECUTIVE SUMMARY
Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.
PROPERTY FACTS
| Total Property Size | 9,976 sq ft | Floors | 2 |
| Property Type | Office (Unit) | Typical Floor Size | 4,988 sq ft |
| Property Subtype | Year Built | 2021 | |
| Costar Property Class | B | Total Plot Size | 0.99 ac |
| Total Property Size | 9,976 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 4,988 sq ft |
| Year Built | 2021 |
| Total Plot Size | 0.99 ac |
AMENITIES
- Wi-Fi
- Air Conditioning
1 UNIT AVAILABLE
Unit 7
| Unit Size | 775 sq ft | Sale Type | Investment |
| Price | £310,000 | Tenure | Long Leasehold |
| Price Per sq ft | £400.00 | Net Initial Yield | 5.89% |
| Unit Use | Medical | NOI | £18,259 |
| Unit Size | 775 sq ft |
| Price | £310,000 |
| Price Per sq ft | £400.00 |
| Unit Use | Medical |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 5.89% |
| NOI | £18,259 |
DESCRIPTION
Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.
SALE NOTES
Dental practice investment, unbroken 15-year FRI lease with RPI linked rent reviews (capped at 8%, collared at 2%). Good deposit held and personal guarantees.
MAJOR TENANT INFORMATION
| TENANT | sq ft OCCUPIED | LEASE END DATE |
|---|---|---|
| Boarway Care Ltd |
-
|
August 2038
|
CONTACTS
-
Emily Bradshaw -
Huseyin Zafer -
Varol Zafer -
Shahid Sadiq -
Willmotts Chartered Surveyors
Presented by
Banning St - Block 5 River Gardens
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