176-176B King St 704 SF Retail Condo Unit Offered at $661,599 CAD in London W6 0RA
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to Hammersmith Station
- Amenities nearby
EXECUTIVE SUMMARY
The property is located in a popular parade on the north side of King Street, close to its junction with Dalling Road & Studland Street, in close proximity to the major new redevelopment of Hammersmith Town Hall, incorporating offices, retail, residential flats and a new cinema.
PROPERTY FACTS
| Price | $661,599 CAD |
| Unit Size | 704 SF |
| No. Units | 1 |
| Total Building Size | 810 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 203 SF |
| Year Built | 1890 |
AMENITIES
- Bus Line
- Security System
- Signage
- Storage Space
1 UNIT AVAILABLE
Unit 176
| Unit Size | 704 SF |
| Price | $661,599 CAD |
| Price Per SF | $939.77 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.78% |
| NOI | $51,457.71 CAD |
DESCRIPTION
The property is arranged over ground and lower ground floors, with the sales area being fitted to a high standard by the tenant, a franchisee of Mooboo Bubble Tea.
The rear area is used as an office and for stock and preparation. The basement benefits from good natural light from the courtyard at the rear and provides additional staff, office or storage space, together with WCs.
SALE NOTES
The commercial unit is occupied on an FR&I basis by Uckermann & Nagy Limited, a franchisee of Mooboo Bubble Tea, on a lease of 10 years from 20th April 2021 at a current passing rent of £28,000pa, subject to review on 20th April 2026. The tenant contributes to the landlord’s costs of insuring and keeping the building in repair.
NEARBY MAJOR RETAILERS
