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10-18 Burnside Avenue

2 Retail Properties Offered at $1,242,400 in London

Investment Highlights

  • Heavy daytime footfall
  • Properties are well located in South Chingford, just off the North Circular Road (A406)
  • Great local amenities

Executive Summary

Opportunity to purchase income producing commercial site, comprising a pub and retail parade that is split into three self-contained units. The pub extends 3,133sqft (NIA) and is laid out over three floors. A lease is in place with ‘Blackways Ltd’ paying £28,500pax (£9psf). They have occupied since 1996 and their lease runs until June 2046. Adjoining the pub is a single storey parade of 3 x shops. These units extend 3,066sqft (NIA) in total. Properties are occupied by three individual FRI leases paying £42,700pax (£14psf) collectively. Occupational tenants include a fish and chip shop, convenience store and Indian takeaway. Shop leases expire in November 2027, with all leases on the site taken inside the 1954 L&T Act.

Property Facts

Price $1,242,400
Price / SF $200.42 / SF
Cap Rate 7.12%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 6,199 SF
Total Land Area 0.13 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Gardeners Arms
18 Burnside Ave, London E4 8YJ
Retail 3,133 SF 1992 -
10-16 Burnside Av, London E4 8YJ Retail 3,066 SF 2002 -
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  • Listing ID: 33443528

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 10-18 Burnside Avenue, London, LND

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