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22 Forest Hill Rd

751 SF Retail Building London SE22 0RR $534,753 CAD ($712 CAD/SF) 6.67% Cap Rate

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
751 SF
Building Class
B
Year Built
1900
Price
$534,753 CAD
Price Per SF
$712 CAD
Cap Rate
6.67%
NOI
$35,650 CAD
Tenancy
Single
Building Height
3 Stories
Frontage
21 ft on Forest Hill Road

Amenities

  • Energy Performance Rating - D
  • Storage Space

Nearby Major Retailers

Co-operative Food
Pret A Manger
Sainsbury's
Iceland
Barclays
As Nature Intended
Caffe Nero
énergie Fitness
Morley's Fried Chicken
Nisa Local
  • Listing ID: 31336973

  • Date on Market: 2024-03-27

  • Last Updated:

  • Address: 22 Forest Hill Rd, London SE22 0RR

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