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11 Streatham High Rd

5,656 SF 100% Leased Retail Building London SW16 1DS £1,400,000 (£248/SF) 8.46% Net Initial Yield

Executive Summary

The available accommodation is a self-contained large commercial unit located in the mixed-use development of Norwich House. It boasts a prominent location in the Streatham area, a spacious shopfront, a WC facility, and a kitchenette. The asset is tenanted for a further 8 years to a retail operator (Mieszko Food City Limited - 07963809 ) trading as a Polish supermarket. The current passing rent is £118,500 per annum. A purchase at the asking price of £1.4 million, will reflect a gross yield of 8.46%.

Attachments

STREATHAM

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
5,656 SF
Year Built
1960
Price
£1,400,000
Price Per SF
£248
Net Initial Yield
8.46%
NOI
£118,440
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1

Amenities

  • 24 Hour Access
  • Accent Lighting
  • Air Conditioning

Nearby Major Retailers

PureGym
German Doner Kebab
Nando's
Horse & Groom
Iceland
Santander
Costa Coffee
Black Sheep Coffee
Lloyds Bank
Sainsbury's
  • Listing ID: 30788578

  • Date on Market: 26/01/2024

  • Last Updated:

  • Address: 11 Streatham High Rd, London SW16 1DS

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