26-30 Strutton Ground
London SW1P 2HR
Retail Property For Sale
·
4,896 SF
INVESTMENT HIGHLIGHTS
- Well connected property with transport links throughout the city
- The property is located on a pedestrianized street with retailers nearby
- Noted as one of the most centrally located street markets in London
EXECUTIVE SUMMARY
Strutton Ground Market is a small street market held on weekdays near Victoria, London. The market is located on a narrow cobbled street - Strutton Ground - between Victoria Street and Greycoat Place/Great Peter Street. This market is one of the most centrally located street markets in London, being close to the Palace of Westminster and Victoria railway station. The property is located on pedestrianised Strutton Ground with occupiers nearby includes Greggs, Costcutter and Star Pharmacy, amongst others.
PROPERTY FACTS
| Unit Size | 248 - 398 SF |
| No. Units | 2 |
| Total Building Size | 4,896 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 1,630 SF |
| Year Built | 1959 |
| Lot Size | 0.18 AC |
AMENITIES
- Security System
- Accent Lighting
- Recessed Lighting
- Air Conditioning
2 UNITS AVAILABLE
Unit No. 26
| Unit Size | 398 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 6.00% |
| NOI | $35,873.72 |
DESCRIPTION
The property comprises ground floor retail shop and provides the following accommodation and dimensions:
Ground Floor: 37 sq m (398 sq ft)
Open plan retail, Storage, WC
SALE NOTES
Investment Consideration:
Let until 2039. No breaks. Rent review every 5 years.
VAT is applicable to this property
Comprises ground floor shop t/a food retailer
Tenant paid a premium of £25,000 for the lease
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 8th August 2019 at a current rent of £27,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review every 5th year. No breaks. Tenant paid premium of £22,000 for the lease.
Unit No. 30
| Unit Size | 248 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 5.33% |
| NOI | $21,258.50 |
DESCRIPTION
The property comprises ground floor retail shop t/a barber and provides the following accommodation and dimensions:
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
SALE NOTES
Investment Consideration:
Let until 2034. No breaks. Rent review in 2025 and 2030.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks.
