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54 Steynton Ave

675 SF 100% Leased Retail Building Bexley DA5 3HG £375,000 (£556/SF) 4.80% Net Initial Yield

Executive Summary

A freehold retail investment for sale located on Steynton Avenue, Bexley, DA5 3HG. The property is comprised of a reception area for
customers, kitchen, cold store room, staff toilets, washing up area and storage room.
This property is let to DP Realty Limited on a 20-year lease, with approximately 10 years remaining. The property is currently let at £18,000 per annum, with an upcoming rent review on 1st January 2025.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
675 SF
Building Class
B
Year Built
1955
Price
£375,000
Price Per SF
£556
Net Initial Yield
4.80%
NOI
£18,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Frontage
20 ft on Steynton Ave

Amenities

  • Commuter Rail
  • Signage

Nearby Major Retailers

The Co-operative Food
Nisa
Barclays
Costa Coffee
Santander
Waitrose & Partners
  • Listing ID: 32930843

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 54 Steynton Ave, Bexley DA5 3HG

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