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115-131 High St 3,811 SF 100% Leased Retail Building Beckenham BR3 1AG $2,802,840 ($735.46/SF) 8% Cap Rate
EXECUTIVE SUMMARY
A rare and unique opportunity to purchase a virtual freehold commercial investment on Beckenham High Street. The 6 commercial units are let to proven established businesses to include a Italian Café/Delicatessen, Florists, Poke Bowl, Gentleman’s Grooming Salon, Opticians and a Dermatology Clinic. Each of the 6 leases has the benefit of rent reviews to RPI or open market value – whichever is the higher.
Offers in excess of £2,100,000 are invited for the entire parade for a new 999-year virtual freehold with the benefit of the existing leases and income. We understand that VAT is not applicable on the sale
Offers in excess of £2,100,000 are invited for the entire parade for a new 999-year virtual freehold with the benefit of the existing leases and income. We understand that VAT is not applicable on the sale
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,811 SF
Building Class
B
Year Built
1910
Price
$2,802,840
Price Per SF
$735.46
Cap Rate
8%
NOI
$224,227
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.20
Lot Size
0.43 AC
Frontage
213’ on High Street
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Storage Space
- Smoke Detector
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115-131 High St
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