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Banning St - Block 5 River Gardens 775 SF Medical Condo Unit Offered at $413,753 in London SE10 0NA
INVESTMENT HIGHLIGHTS
- Dental practice investment
- RPI linked rent reviews (cap 8%, collar 2%)
- Prime Thames-fronting location in Greenwich
- Unbroken 15 year FRI lease
- Deposit and personal guarantees
- New build development block
EXECUTIVE SUMMARY
Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.
PROPERTY FACTS
| Total Building Size | 9,976 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 4,988 SF |
| Property Subtype | Year Built | 2021 | |
| Building Class | B | Lot Size | 0.99 AC |
| Total Building Size | 9,976 SF |
| Property Type | Office (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 4,988 SF |
| Year Built | 2021 |
| Lot Size | 0.99 AC |
AMENITIES
- Wi-Fi
- Air Conditioning
1 UNIT AVAILABLE
Unit 7
| Unit Size | 775 SF | Sale Type | Investment |
| Price | $413,753 | Tenure | Long Leasehold |
| Price Per SF | $533.87 | Cap Rate | 5.89% |
| Condo Use | Medical | NOI | $24,370.03 |
| Unit Size | 775 SF |
| Price | $413,753 |
| Price Per SF | $533.87 |
| Condo Use | Medical |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 5.89% |
| NOI | $24,370.03 |
DESCRIPTION
Newly constricted ground floor unit, with extensive river views, which is in the process of being fitted into a private dentist’s practice. The unit has access to a commercial bin store with fob access, and cycle parking spaces within a short walk of the premises. Extraction may be installed in the unit subject to all necessary consents.
SALE NOTES
Dental practice investment, unbroken 15-year FRI lease with RPI linked rent reviews (capped at 8%, collared at 2%). Good deposit held and personal guarantees.
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Boarway Care Ltd |
-
|
August 2038
|
CONTACTS
-
Emily Bradshaw -
Huseyin Zafer -
Varol Zafer -
Shahid Sadiq -
Willmotts Chartered Surveyors
Presented by
Banning St - Block 5 River Gardens
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