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5-9 Tulse Hl

3,173 SF 100% Leased Retail Building London SW2 2TH $3,558,493 ($1,121/SF) 5.61% Cap Rate

Investment Highlights

  • Located 0.5 miles south of Brixton underground station
  • WAULT of 16.65 years to expiry on the retail
  • Potential to extend uppers with mansard flats, as seen in the adjacent property
  • Opposite anchor Sainsburys
  • Excellent reversionary potential on both retail and residential
  • Fully let residential on AST's

Executive Summary

Opportunity to acquire the freehold interest of 5-9 Tulse Hill, Brixton.
The acquisition would benefit from WAULT of 16.65 years to expiry on the retail and as well as AST income on the upper residential floors.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,173 SF
Building Class
B
Year Built
1980
Price
$3,558,493
Price Per SF
$1,121
Cap Rate
5.61%
NOI
$199,631
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
3.81
Lot Size
0.02 AC
Frontage
27 FT on Tulse Hill

Amenities

  • Bus Line
  • Commuter Rail

Nearby Major Retailers

Sainsbury's
Morley's Fried Chicken
Costcutter
Tesco Superstore
Lloyds Bank
itsu
Barclays
Santander
Wahaca
Iceland
  • Listing ID: 33609149

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 5-9 Tulse Hl, London SW2 2TH

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