54 Steynton Ave 1,417 SF 100% Leased Retail Building Bexley DA5 3HG £375,000 (£264.64/SF) 4.80% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Large glazed frontage.
- Customer counter.
- Car parking.
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
1,417 SF
Building Class
B
Year Built
1955
Price
£375,000
Price Per SF
£264.64
Net Initial Yield
4.80%
NOI
£18,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.70
Lot Size
0.05 AC
Frontage
20 ft on Steynton Ave
AMENITIES
- Commuter Rail
- Signage
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NEARBY MAJOR RETAILERS
