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164 Regents Park Rd 1,004 SF Retail Condo Unit Offered at $1,089,562 in London NW1 8XN
Investment Highlights
- Rarely available long leasehold retail investment
- Tenant in occupation since 1994
- Prestigious and desirable London village location
- Flexible lease terms
Executive Summary
This property comprises retail accommodation of masonry construction.
Property Facts
| Total Building Size | 6,000 SF | Floors | 1 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 773 SF |
| Property Subtype | Apartment | Year Built | 1960 |
| Building Class | B |
| Total Building Size | 6,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 773 SF |
| Year Built | 1960 |
Amenities
Site Amenities
- Security System
1 Unit Available
Unit Retail
| Unit Size | 1,004 SF | Sale Type | Investment |
| Price | $1,089,562 | Tenure | Long Leasehold |
| Price Per SF | $1,085.22 | Cap Rate | 5.00% |
| Condo Use | Retail | NOI | $54,478.10 |
| Unit Size | 1,004 SF |
| Price | $1,089,562 |
| Price Per SF | $1,085.22 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 5.00% |
| NOI | $54,478.10 |
Description
The property is held on a long lease from 29th September 1993 for 999 years at one peppercorn rent.
Sale Notes
Offers are invited in excess of £800,000 (Eight hundred thousand pounds) for the long leasehold interest of the property. A purchase at this level will reflect a net initial yield of approximately 5% after purchaser’s costs of 5.5% on a total income of £43,500 pax.
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164 Regents Park Rd
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