397 Walworth Rd
625 SF Retail Building London SE17 2AW $1,857,239 CAD ($2,971.58 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High Street Location
- Gross Yield 9.5%
- Shop & 3 Flats producing £94,850 per annum.
EXECUTIVE SUMMARY
SITUATION
Occupying a prominent position on the main A215 Walworth Road, close to the corner of Arnside Street. The busy ‘East Street Market’ is on the same side of the road and the property is amongst such multiples as Tesco Express, Superdrug, Santander, McDonald’s, Iceland, Cake Box, Screwfix, The Gym Group, Betfred, Poundstretcher and many more.
Elephant & Castle Station (Thameslink, Northern and Bakerloo Lines) and Kennington Station (Northern Line) are both within walking distance and 11 bus routes pass the door.
In addition, Westminster lies approx. 2 miles to the north.
PROPERTY
A mid terraced building comprising a Ground Floor Shop and Basement together with separate front access to 3 Self-Contained Flats on the first, second and third floors.The flats were refurbished approx. 10 years ago to a high standard and remain in an excellent decorative condition throughout. Each flat has independent gas central heating, laminate wood flooring and uPVC windows.
Refer to the Auctioneers for the video tour of the 3 Flats.
VAT is NOT applicable to this Lot
TENURE
Leasehold for a term of 951 years from 25th December 1951 (thus having approx. 877½ years unexpired) at a fixed ground rent of £45 p.a.
TENANCIES & ACCOMMODATION - See Brochure
Occupying a prominent position on the main A215 Walworth Road, close to the corner of Arnside Street. The busy ‘East Street Market’ is on the same side of the road and the property is amongst such multiples as Tesco Express, Superdrug, Santander, McDonald’s, Iceland, Cake Box, Screwfix, The Gym Group, Betfred, Poundstretcher and many more.
Elephant & Castle Station (Thameslink, Northern and Bakerloo Lines) and Kennington Station (Northern Line) are both within walking distance and 11 bus routes pass the door.
In addition, Westminster lies approx. 2 miles to the north.
PROPERTY
A mid terraced building comprising a Ground Floor Shop and Basement together with separate front access to 3 Self-Contained Flats on the first, second and third floors.The flats were refurbished approx. 10 years ago to a high standard and remain in an excellent decorative condition throughout. Each flat has independent gas central heating, laminate wood flooring and uPVC windows.
Refer to the Auctioneers for the video tour of the 3 Flats.
VAT is NOT applicable to this Lot
TENURE
Leasehold for a term of 951 years from 25th December 1951 (thus having approx. 877½ years unexpired) at a fixed ground rent of £45 p.a.
TENANCIES & ACCOMMODATION - See Brochure
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
625 SF
Building Class
B
Year Built
1873
Price
$1,857,239 CAD
Price Per SF
$2,971.58 CAD
Cap Rate
9.50%
NOI
$176,438 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.01 AC
AMENITIES
- Bus Line
- Metro/Subway
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This Property comprises a newly refurbished, open-plan retail unit with a staffroom and WC facilities to the rear. It is split between a ground floor and basement, benefitting from electric shutters and double glazing. The property has E class planning permission, suitable for a number of retail, leisure and office users.
| Space | Size | Space Use | Position | Available |
| Ground | 625 SF | Retail | In-Line | Now |
Ground
| Size |
| 625 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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NEARBY MAJOR RETAILERS
