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6 Lovibond Ln

14,624 SF Retail Building London SE10 9FY $3,931,242 ($269/SF) 8% Cap Rate

Retail Space London 6 Lovibond Ln, London, LND SE10 9FY

Investment Highlights

  • Greenwich is an affluent London suburb, popular with commuters and tourists
  • A single let gym across the ground and upper ground floor, comprising 14,625 sq ft (1,356.7 sq m)
  • The rent is subject to five yearly fixed uplifts, with a fixed rental increase on 15th December 2024 providing guaranteed rental growth throughout
  • Located within The Movement, a highly sustainable, mixed use development in Greenwich, under 5 minutes walk from Greenwich Station
  • Let on an FRI lease to Pure Gym Limited until 14th December 2029 (5.2 years unexpired)
  • Long leasehold held on a 999 year lease

Executive Summary

Opportunity to acquire the long leasehold interest of 6 Lovibond Lane.
The retail unit is entirely let to PureGym from 15th December 2014 for a term of 15 years and expiring on 14th December 2029, providing 5.2
years unexpired.

Attachments

Pure Gym Lovibond Lane Greenwich - Colliers Investment Brochure - Sept 24 (002)

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
14,624 SF
Year Built
2015
Price
$3,931,242
Price Per SF
$269
Cap Rate
8%
NOI
$314,499
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
2.13 AC
Frontage
43 FT on Lovibond Lane

Amenities

  • Bus Line
  • Commuter Rail
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Nearby Major Retailers

Costa Coffee
Pure Gym
Co-op
Londis
ASDA
Waitrose & Partners
Sticks'n'Sushi
Tortilla
Pret A Manger
Starbucks
+44 20 7344 6862

Contacts

  • Listing ID: 33611527

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 6 Lovibond Ln, London SE10 9FY

The Retail Property at 6 Lovibond Ln, London, SE10 9FY is currently available for sale. Contact Colliers for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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6 Lovibond Ln, London for sale Primary Photo- Image 1 of 2
6 Lovibond Road - Pure Gym

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6 Lovibond Ln
+44 20 7344 6862 x

6 Lovibond Ln

1/2

Colin Moran

+44 20 7344 6862

+44 20 7344 6862

Lizzie Warwick-Smith

+44 7999 180992

+44 7999 180992

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