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18-18A Cheam Common Rd 652 SF Retail Building Worcester Park KT4 8RW $402,739 ($617.70/SF) 3.67% Cap Rate
Investment Highlights
- Prominent location
- Situated within an established parade of shops
- Benefits from excellent road communications
- Heavy daytime foot traffic
Executive Summary
The entire property is at present let to A Furness for a term of 10 years from 23rd July 2014 at a current rent of £11,000 per annum and the lease contains full repairing and insuring covenants. Rent Review in the fifth year and the review for 2019 is outstanding. Tenant break option on 23rd July 2019 was not exercised.
The property comprises a ground floor shop with first floor residential flat
The property comprises a ground floor shop with first floor residential flat
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
652 SF
Building Class
B
Year Built
1990
Price
$402,739
Price Per SF
$617.70
Cap Rate
3.67%
NOI
$14,781
Tenancy
Single
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.03 AC
Parking
2 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
15’ on Cheam Common Road
Amenities
- Bus Line
- Commuter Rail
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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18-18A Cheam Common Rd
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