22 Forest Hill Rd 751 SF Retail Building London SE22 0RR £250,000 (£332.89/SF) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Heavy daytime footfall
- In close proximity to Honor Oak Park
- Well located along Forest Hill Road in popular East Dulwich district
EXECUTIVE SUMMARY
Property is subject to underlease with ‘Timber Windows of Dulwich’, paying £20,000pax (£28.50psf). Tenant been in occupation since 2017 on 10-year FRI lease (2027 expiry). We are guiding a sale at £300,000 (6.7% gross yield) for new 999-year lease at a peppercorn ground rent.
167 Camberwell Road is also up for sale at Savills Auction and can be acquired together. See PID - 8676012 for reference.
167 Camberwell Road is also up for sale at Savills Auction and can be acquired together. See PID - 8676012 for reference.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Long Leasehold
Building Size
751 SF
Building Class
B
Year Built
1900
Price
£250,000
Price Per SF
£332.89
Net Initial Yield
8%
NOI
£20,000
Tenancy
Single
Number of Floors
3
Frontage
21 ft on Forest Hill Road
AMENITIES
- EPC - D
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
