206 Westbourne Grv 1,999 SF Retail Building London W11 2RH £3,860,000 (£1,930.97/SF) 4.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Westbourne Grove is Notting Hill’s premier retail pitch
- Good road links
- Excellent transport links
EXECUTIVE SUMMARY
The accommodation is arranged over basement and ground floor with significant recent capital expenditure by the tenant. There is upper floor residential accommodation which has been sold off.
Offers are invited in excess of £3,860,000 for the freehold interest subject to contract and exclusive of VAT. A purchase at this level represents a Net Initial Yield of 4.50% (assuming purchaser’s costs of 6.53%).
Offers are invited in excess of £3,860,000 for the freehold interest subject to contract and exclusive of VAT. A purchase at this level represents a Net Initial Yield of 4.50% (assuming purchaser’s costs of 6.53%).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,999 SF
Building Class
B
Year Built
1901
Price
£3,860,000
Price Per SF
£1,930.97
Net Initial Yield
4.50%
NOI
£173,700
Tenancy
Single
Number of Floors
5
Building FAR
0.23
Lot Size
0.20 AC
Frontage
19 ft on Westbourne Grove
AMENITIES
- Security System
- Storage Space
- Air Conditioning
- Balcony
1 of 1
NEARBY MAJOR RETAILERS
