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120 Union St 1,805 SF Retail Condo Unit Offered at $861,999 in London SE1 0FT
Investment Highlights
- Excellent transport links
- Located in the heart of London
- Diverse array of local amenities
Executive Summary
Nestled in the heart of one of London's most dynamic neighbourhoods, this property offers unparalleled access to a vibrant array of local amenities that cater to a sophisticated lifestyle. Local bars and restaurant include Caravan, Brix, Mc & Sons, Itsu together with luxury hotels such as Hilton London Bankside, Hoxton Southwark, Sea Containers and ctizenM Bankside.
1 Unit Available
Unit Restaurant
| Unit Size | 1,805 SF | Sale Type | Investment |
| Price | $861,999 | Tenure | Long Leasehold |
| Price Per SF | $477.56 | Cap Rate | 7.19% |
| Condo Use | Retail | NOI | $61,977.71 |
| Unit Size | 1,805 SF |
| Price | $861,999 |
| Price Per SF | $477.56 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.19% |
| NOI | $61,977.71 |
Description
The premises comprise a restaurant unit arranged over ground and mezzanine floors, situated within a modern corner development. The restaurant is accessed via a double height ground floor entrance hall and has recently been refurbished. The ground floor provides a kitchen, bar and seating area, with the mezzanine providing additional seating, preparation area, cold store, and WC's.
Sale Notes
The Vendors are seeking offers of £635,000 for the long leasehold interest, reflecting a cap value of £352 per sq ft and an initial yield of 7.19% rising to a minimum of 8.24% in May 2027.
Property Facts
| Total Building Size | 1,805 SF | Floors | 11 |
| Property Type | Retail (Condo) | Typical Floor Size | 900 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2014 |
| Building Class | B | Lot Size | 0.11 AC |
| Total Building Size | 1,805 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 900 SF |
| Year Built | 2014 |
| Lot Size | 0.11 AC |
Nearby Major Retailers
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120 Union St
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