1-5 Waylett Pl 4,941 SF 100% Leased Industrial Building London SE27 9AE $1,464,520 ($296.40/SF) 3.87% Cap Rate
INVESTMENT HIGHLIGHTS
- In close proximity to West Norwood Station
- Situated in a densely populated area
- Heavy daytime footfall
EXECUTIVE SUMMARY
There are currently 5 x commercial units, extending 4,941sqft (NIA). Units range in size 570-1,948sqft and are currently occupied by MOT workshops and a hand car wash. The site is being sold with 4 x occupational leases, which are all holding over. With historical agreements in place, the rent is low and producing just £44,464pax (£9psf on NIA). Potential to either increase existing income, whilst pursuing PP or to secure VP and occupy for one’s own use.
PROPERTY FACTS
| Price | $1,464,520 |
| Price Per SF | $296.40 |
| Sale Type | Investment |
| Cap Rate | 3.87% |
| Tenure | Freehold |
| Property Type | Industrial |
| Lot Size | 0.09 AC |
| Rentable Building Area | 4,941 SF |
| No. Stories | 1 |
| Year Built | 1983 |
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