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36 Green Ln 730 SF Retail Building Thornton Heath CR7 8BB $235,935 ($323.20/SF) 8.61% Cap Rate
Investment Highlights
- Mixed-use investment property
- Established commercial location
- Retail and residential configuration
Executive Summary
The property comprises a freehold mixed-use investment arranged as a ground floor retail unit with a self-contained flat above. The residential upper parts have been sold off on a 99-year lease from 29 September 1983 at a ground rent of £75 per annum. The ground floor shop is let on a full repairing and insuring lease for a term of 15 years from 14 October 2015 at a passing rent of £15,000 per annum exclusive, providing an established income stream. The property is offered for sale at £175,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
730 SF
Building Class
B
Year Built
1957
Price
$235,935
Price Per SF
$323.20
Cap Rate
8.61%
NOI
$20,314
Tenancy
Single
Building Height
2 Stories
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Nearby Major Retailers
1 of 2
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36 Green Ln
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