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124 Bermondsey St 3,359 SF 100% Leased Retail Building London SE1 3TX $3,003,043 ($894.03/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent location on Bermondsey Street which is an attractive and well-established High Street in Zone 1
- 124a Bermondsey Street is a 1,152 sq ft flat held on a tenancy agreement expiring 19/12/33 with a landlord rolling break option on 12 months notice
- 124c Bermondsey Street is let to Franco Manca 2 (UK) Ltd on a 20 year lease expiring 19th December 2033 at an annual rent of £105,000.
- A well let unit arranged over ground, lower ground, 1st and 2nd floors extending to a total of 3,359 sq ft.
- 124b Bermondsey Street is held on a 125 long lease from 25th December 2012 with a ground rent of £200 per annum.
- Total passing rent of £135,200 per annum, Freehold.
EXECUTIVE SUMMARY
Seeking offers in excess of £2,250,000 with a net initial yield of 7%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,359 SF
Building Class
B
Year Built
1838
Price
$3,003,043
Price Per SF
$894.03
Cap Rate
7%
NOI
$210,213
Percent Leased
100%
Building Height
4 Stories
AMENITIES
- Air Conditioning
1 1
NEARBY MAJOR RETAILERS
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124 Bermondsey St
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