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115-115A Merton Rd 686 SF 100% Leased Retail Building London SW19 1ED $903,938 ($1,317.69/SF) 6.36% Cap Rate
Investment Highlights
- 7 minute walk from South Wimbledon Underground station
- Numerous bus routes
- 12 minute walk from Wimbledon Train station
Executive Summary
£665,000 for the freehold interest subject to the various tenancies.
Net Initial Yield 6.36%. After purchaser's costs of 4.92% Gross yield 6.68%.
The ground and lower ground floors comprise a retail unit and takeaway, together with a flat accessed from the rear. All are let offering secure income in this popular location.
The upper floors comprise three flats, which have been sold on long leases.
Net Initial Yield 6.36%. After purchaser's costs of 4.92% Gross yield 6.68%.
The ground and lower ground floors comprise a retail unit and takeaway, together with a flat accessed from the rear. All are let offering secure income in this popular location.
The upper floors comprise three flats, which have been sold on long leases.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
686 SF
Building Class
B
Year Built
1925
Price
$903,938
Price Per SF
$1,317.69
Cap Rate
6.36%
NOI
$57,490
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.04 AC
Frontage
14’ on Merton Road
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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115-115A Merton Rd
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