811 Commercial Rd 1,041 SF Retail Building London E14 7HG $1,537,440 CAD ($1,476.89 CAD/SF) 6.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Additional income from two residential flats
- Front of property has a listed fascia
- Multi use
EXECUTIVE SUMMARY
The building is configured as a ground floor and basement retail unit plus two self contained flats.
The flats comprise a studio/1-bed flat at the rear of the ground floor and one 1-bedroom flat on the upper first floor.
The ground floor, which is currently trading as a take-away has a Listed facia which is actually at the base of the ground floor frontage.
There is the potential for vacant possession of the ground floor take-away unit by further negotiation.
Located at the eastern section of Commercial Road (A13) – close to the junction with East and West India Dock Road.
The current income for the three units totals £54,600 per annum, consisting of £33,600 per annum for the residential flats and £21,000 per annum for the retail unit.
6.4% Current Gross Yield, before costs.
The flats comprise a studio/1-bed flat at the rear of the ground floor and one 1-bedroom flat on the upper first floor.
The ground floor, which is currently trading as a take-away has a Listed facia which is actually at the base of the ground floor frontage.
There is the potential for vacant possession of the ground floor take-away unit by further negotiation.
Located at the eastern section of Commercial Road (A13) – close to the junction with East and West India Dock Road.
The current income for the three units totals £54,600 per annum, consisting of £33,600 per annum for the residential flats and £21,000 per annum for the retail unit.
6.4% Current Gross Yield, before costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,041 SF
Building Class
B
Year Built
1960
Price
$1,537,440 CAD
Price Per SF
$1,476.89 CAD
Cap Rate
6.42%
NOI
$98,758 CAD
Tenancy
Single
Building Height
2 Stories
Slab To Slab
9’
Frontage
11’ on Commercial Rd
AMENITIES
- Bus Line
- Signage
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NEARBY MAJOR RETAILERS
