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103-103A Newington Green Rd

657 SF Retail Building London N1 4QY $1,238,553 ($1,885/SF) 1.72% Cap Rate

Investment Highlights

  • The property is within walking distance of Canonbury, Highbury & Islington and Dalston Junction stations
  • Great local amenities
  • Heavy daytime footfall

Executive Summary

Auction guide price of £990,000+. A sale at this level would reflect a 6.02% NIY on the passing income, a reversionary yield of 7.93% on the ERV (assuming standard purchasers costs of 5.74%), and a capital value of £498 per sq. ft.

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
657 SF
Building Class
B
Year Built
1973
Price
$1,238,553
Price Per SF
$1,885
Cap Rate
1.72%
NOI
$21,268
Tenancy
Single
Building Height
4 Stories

Amenities

  • Storage Space

Nearby Major Retailers

Presto Food & Wine
Sainsbury's
Tortilla
Pret A Manger
ALDI
Iceland
Costa Coffee
Nisa
Barclays
chaiiwala
  • Listing ID: 33349632

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 103-103A Newington Green Rd, London N1 4QY

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