78-82 Lind Rd 3,686 SF 100% Leased Office Building Sutton SM1 4PL £775,000 (£210.26/SF) 6.90% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located near town centre
- Just off A232 Carshalton Road
- Rear car park for around 8 vehicles
EXECUTIVE SUMMARY
A substantial two storey terraced building high ceilings and good natural light.
There may be potential to convert the property to residential subject to obtaining all necessary consents. There may also be potential to extend to the rear. The adjoining premises at 84-86 Lind Road provides a precedent for 3-storeys.
There may be potential to convert the property to residential subject to obtaining all necessary consents. There may also be potential to extend to the rear. The adjoining premises at 84-86 Lind Road provides a precedent for 3-storeys.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,686 SF
Building Class
B
Year Built
1970
Price
£775,000
Price Per SF
£210.26
Net Initial Yield
6.90%
NOI
£53,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,843 SF
Building FAR
1.23
Lot Size
0.07 AC
Parking
8 Spaces (2.17 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 of 1
