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117 Walton Rd 945 SF 100% Leased Retail Building East Molesey KT8 0DT $466,337 ($493.48/SF) 5.29% Cap Rate
INVESTMENT HIGHLIGHTS
- 2 car parking spaces
- WC and kitchenette at the rear of the premice
- Situated on a prominent corner
EXECUTIVE SUMMARY
The property is let to Thomas H Collinson Limited (Opticians) on a full repairing and insuring lease to expire 28th September 2029 on the basis of stepped rent:-
29th September 2024 – 28th September 2026 - £18,500 pa exclusive.
29th September 2026 – 28th September 2027 - £19,500 pa exclusive.
29th September 2027 – 28th September 2029 - £21,000 pa exclusive.
We have been instructed to seek offers in excess £350,000 (Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
29th September 2024 – 28th September 2026 - £18,500 pa exclusive.
29th September 2026 – 28th September 2027 - £19,500 pa exclusive.
29th September 2027 – 28th September 2029 - £21,000 pa exclusive.
We have been instructed to seek offers in excess £350,000 (Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Drug Store
Building Size
945 SF
Building Class
C
Year Built
1880
Price
$466,337
Price Per SF
$493.48
Cap Rate
5.29%
NOI
$24,649
Percent Leased
100%
Building Height
2 Stories
AMENITIES
- Corner Lot
- Courtyard
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NEARBY MAJOR RETAILERS
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117 Walton Rd
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