197 Westbourne Grove 993 SF Retail Building London W11 2SB £3,325,000 (£3,348.44/SF) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Westbourne Grove is Notting Hill’s premier retail pitch
- Excellent transport links
EXECUTIVE SUMMARY
The accommodation is arranged over basement, ground and three upper floors. The basement and ground floor provide retail accommodation, with the upper floors utilised as three residential flats.
Offers are invited in excess of £3,325,000 for the freehold interest subject to contract and exclusive of VAT. A purchase at this level represents a Net Initial Yield of 5.00% (assuming purchaser’s costs of 6.14%) on the commercial element and applying £1,400 Capital Value per sq ft on the residential.
Offers are invited in excess of £3,325,000 for the freehold interest subject to contract and exclusive of VAT. A purchase at this level represents a Net Initial Yield of 5.00% (assuming purchaser’s costs of 6.14%) on the commercial element and applying £1,400 Capital Value per sq ft on the residential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
993 SF
Building Class
B
Year Built
1900
Price
£3,325,000
Price Per SF
£3,348.44
Net Initial Yield
5%
NOI
£166,250
Tenancy
Single
Number of Floors
5
Building FAR
0.11
Lot Size
0.20 AC
Frontage
16 ft on Westbourne Grove
AMENITIES
- Security System
- Storage Space
- Air Conditioning
1 of 1
NEARBY MAJOR RETAILERS
