138-144A Eltham High St 6,891 SF Retail Unit Offered at £2,895,000 in London SE9 1BJ
INVESTMENT HIGHLIGHTS
- Prominent Location
- High Footfall
- Great Transport Links
EXECUTIVE SUMMARY
Built in 2005, this property comprises three floors with a total area of 15,808 sq ft of retail space.
PROPERTY FACTS
| Price | £2,895,000 |
| Unit Size | 6,891 SF |
| No. Units | 1 |
| Total Building Size | 15,808 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 5,269 SF |
| Year Built | 2005 |
| Lot Size | 0.35 AC |
1 UNIT AVAILABLE
Unit 142-144
| Unit Size | 6,891 SF |
| Price | £2,895,000 |
| Price Per SF | £420.11 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.95% |
| NOI | £230,152.50 |
DESCRIPTION
The property comprises a solid masonry construction with concrete floors. It is a mid-terraced, one storey building with a flat roof. The ground floor frontages consist of two prime retail units, let to Superdrug PLC and Sui Generis Restaurants Ltd t/a German Doner Kebab, with a passing rent of £116,000
per annum.
SALE NOTES
Guide price of £2,895,000 (Two Million, Eight Hundred and Ninety Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this asking price would reflect a Net Initial Yield of 7.95% assuming standard purchasers costs of 6.44%, and a low Capital Value of £255 per sq ft.
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AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
