828 London Rd
543 SF 100% Leased Retail Building Sutton SM3 9BJ $296,404 CAD ($545.86 CAD/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- High Street Location
- Gross Yield 8.8%
- Producing £14,000 per annum
EXECUTIVE SUMMARY
SITUATION
Located close to the junction with Hamilton Avenue on the busy A24 and forming part of this well established shopping area, amongst multiples such as Topps Tiles and The Post Office as well as a variety of independent traders.
North Cheam is a popular and sought-after suburb of the London Borough of Sutton, located approx. 11 miles south-west of central London and 5 miles south-east of Kingston-Upon-Thames
PROPERTY
Forming part of this fully occupied retail parade comprising a Ground Floor Shop with a Rear Yard/Parking Area. There is on street parking available to the front of the property and a rear service road provides access for deliveries and unloading.
ACCOMMODATION
Ground Floor Shop
Internal Width 15'0"
Shop Depth 26'8"
Built Depth 59'10"
WC
VAT is NOT applicable to this Lot
TENURE
Leasehold for a term of 999 years from 25th December 2001 at a fixed ground rent of £100 p.a.
TENANCY
The property is let on a full repairing and insuring lease (by way of service charge) to HB Aesthetics # DC Beauty Limited (Beauty Aesthetics) for a term of 10 years from 23rd August 2024 at a current rent of £14,000 per annum exclusive. Rent Review August 2029Mutual Break August 2029
There is a £2,333.33 Rent Deposit held.
Located close to the junction with Hamilton Avenue on the busy A24 and forming part of this well established shopping area, amongst multiples such as Topps Tiles and The Post Office as well as a variety of independent traders.
North Cheam is a popular and sought-after suburb of the London Borough of Sutton, located approx. 11 miles south-west of central London and 5 miles south-east of Kingston-Upon-Thames
PROPERTY
Forming part of this fully occupied retail parade comprising a Ground Floor Shop with a Rear Yard/Parking Area. There is on street parking available to the front of the property and a rear service road provides access for deliveries and unloading.
ACCOMMODATION
Ground Floor Shop
Internal Width 15'0"
Shop Depth 26'8"
Built Depth 59'10"
WC
VAT is NOT applicable to this Lot
TENURE
Leasehold for a term of 999 years from 25th December 2001 at a fixed ground rent of £100 p.a.
TENANCY
The property is let on a full repairing and insuring lease (by way of service charge) to HB Aesthetics # DC Beauty Limited (Beauty Aesthetics) for a term of 10 years from 23rd August 2024 at a current rent of £14,000 per annum exclusive. Rent Review August 2029Mutual Break August 2029
There is a £2,333.33 Rent Deposit held.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
543 SF
Building Class
B
Year Built
1900
Price
$296,404 CAD
Price Per SF
$545.86 CAD
Cap Rate
8.75%
NOI
$25,935 CAD
Percent Leased
100%
Building Height
3 Stories
1 of 1
NEARBY MAJOR RETAILERS
