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18-30 Norman Rd 3,106 SF Retail Condo Unit Offered at $1,211,143 in London SE10 9QX
Investment Highlights
- Prominently located on the Northern side of Norman Road
- Mixed-use development comprising of around 85 apartments
- Excellent natural light
Executive Summary
The property comprises a mixed use building providing residential space over ground and five upper floors and office accommodation on the ground floor with mezzanine. The property is located on Norman Road just off Creek Road. The property has good access to public transport with Cutty Sark and Greenwich Town Stations nearby, in addition to the numerous buses connecting Greenwich with Central London along Creek Road.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
Hilton’s Wharf is a mixed-use development comprising of around 85 apartments, above commercial floor space, and 3 live-work units, with the subject premises providing over 3,000 sq ft of high-grade office/retail accommodation. The premises is currently occupied by a specialist gym; and is arranged over ground and mezzanine levels and benefits from good natural light, high ceilings, electricity supply only (no gas), and air-conditioning. The property further features WC facilities and changing rooms, and a partitioned office.
Sale Notes
Virtual Freehold of 999 years from 2017 at a peppercorn rent. Existing leases 10 year full repairing and insuring lease from 1st July 2021, contracted outside of the Landlord and Tenant Act 1954. The current passing rent is £50,000 per annum, but there is an upcoming rent review 1st July 2026. This is a great investment opportunity for someone seeking to add value.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 3,106 SF | Retail | $1,211,143 ($389.94/SF) | - |
Unit 2
| Unit Size |
| 3,106 SF |
| Condo Use |
| Retail |
| Price |
| $1,211,143 ($389.94/SF) |
| NOI |
| - |
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Unit 2
| Unit Size | 3,106 SF |
| Condo Use | Retail |
| Price | $1,211,143 ($389.94/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| Hilton’s Wharf is a mixed-use development comprising of around 85 apartments, above commercial floor space, and 3 live-work units, with the subject premises providing over 3,000 sq ft of high-grade office/retail accommodation. The premises is currently occupied by a specialist gym; and is arranged over ground and mezzanine levels and benefits from good natural light, high ceilings, electricity supply only (no gas), and air-conditioning. The property further features WC facilities and changing rooms, and a partitioned office.</li></ul> | |
| Sale Notes | |
| Virtual Freehold of 999 years from 2017 at a peppercorn rent. Existing leases 10 year full repairing and insuring lease from 1st July 2021, contracted outside of the Landlord and Tenant Act 1954. The current passing rent is £50,000 per annum, but there is an upcoming rent review 1st July 2026. This is a great investment opportunity for someone seeking to add value.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 73,710 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,970 SF |
| Property Subtype | Apartment | Year Built | 2016 |
| Building Class | C | Lot Size | 2.04 AC |
| Total Building Size | 73,710 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 2,970 SF |
| Year Built | 2016 |
| Lot Size | 2.04 AC |
Amenities
- Smoke Detector
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Matterport 3D Exterior
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Street View
Street
Map
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18-30 Norman Rd
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