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1-6 Leigham Court Rd - The Print House 1,862 SF Retail Condo Unit Offered at $670,718 in London SW16 2PH
Investment Highlights
- 7.2% Gross yield, before any purchaser costs
- Current tenant - Body Fit Training (BFT)
- Freehold also available subject to further negotiation
- Prominent Location - Close to Streatham Hill Station
Executive Summary
The premises are situated on Leigham Court Road close to the prominent junction with Streatham High Road (A23) Streatham Hill offers a high density of residential occupiers as well as national and local retail/office occupiers in close proximity. Streatham Hill National Rail Station, Marks & Spencer and the London Square Streatham Hill residential development are all within 2 minutes walk The property is located within the London Borough of Lambeth.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 7.20% |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Tenure | Long Leasehold |
Description
Leisure and Gym commercial investment for sale.
Sale Notes
HEAD LEASE/LONG LEASE : The virtual-freehold/long leasehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). The long leasehold is subject to a Ground Rent of £300 per annum The Freehold is also available at an additional price - terms on application/subject to further negotiation The purchase price of £500,000 reflects a Gross Yield of 7.2% before any purchaser costs TENANT DETAILS : The premises are let on a FRI lease to a Body Fit Training (“BFT”) gym franchisee, who also owns a second BFT gym in Battersea, London. TENANCY DETAILS : The property is let on a FRI lease to FHL Streatham Ltd (with a guarantor from FHL Battersea Ltd), for a term of 10-years (held outside The 1954 Act) expiring in August 2035. The lease allows for a tenant-only break option which can be exercised in August 2030 The current rent is £36,000 per annum exclusive, with the next rent review in August 2030 (upwards-only, RPI-index based). A 3-month rent deposit is held as a lease security. The Tenant benefits from a rent-free period until 11th March 2026.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 1,862 SF | Retail | $670,718 ($360.21/SF) | $48,291.68 |
Unit 1
| Unit Size |
| 1,862 SF |
| Condo Use |
| Retail |
| Price |
| $670,718 ($360.21/SF) |
| NOI |
| $48,291.68 |
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Unit 1
| Unit Size | 1,862 SF |
| Condo Use | Retail |
| Price | $670,718 ($360.21/SF) |
| NOI | $48,291.68 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Tenure | Long Leasehold |
| Description | |
| Leisure and Gym commercial investment for sale.</li></ul> | |
| Sale Notes | |
| HEAD LEASE/LONG LEASE : The virtual-freehold/long leasehold is available (250-years from 2014) at a guide price of £500,000 (ex. VAT). The long leasehold is subject to a Ground Rent of £300 per annum The Freehold is also available at an additional price - terms on application/subject to further negotiation The purchase price of £500,000 reflects a Gross Yield of 7.2% before any purchaser costs TENANT DETAILS : The premises are let on a FRI lease to a Body Fit Training (“BFT”) gym franchisee, who also owns a second BFT gym in Battersea, London. TENANCY DETAILS : The property is let on a FRI lease to FHL Streatham Ltd (with a guarantor from FHL Battersea Ltd), for a term of 10-years (held outside The 1954 Act) expiring in August 2035. The lease allows for a tenant-only break option which can be exercised in August 2030 The current rent is £36,000 per annum exclusive, with the next rent review in August 2030 (upwards-only, RPI-index based). A 3-month rent deposit is held as a lease security. The Tenant benefits from a rent-free period until 11th March 2026.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 76,878 SF | Typical Floor Size | 398 SF |
| Property Type | Retail (Condo) | Year Built | 1920 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 0.66 AC |
| Floors | 6 |
| Total Building Size | 76,878 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 398 SF |
| Year Built | 1920 |
| Tenancy | Single |
| Lot Size | 0.66 AC |
Amenities
- Storage Space
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Nearby Major Retailers
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1-6 Leigham Court Rd - The Print House
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