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94 The Broadway

1,453 SF Retail Building London SW19 1RH $734,871 ($506/SF) 8.35% Cap Rate

Investment Highlights

  • Located in a prime pitch on The Broadway (A219) within the heart of Wimbledon village in southwest London
  • Long leasehold commercial investment located in Wimbledon
  • Comprising a ground floor retail unit along with basement storage space

Executive Summary

The property is let to Multea Ltd on a 15-year lease from April 2021. The passing rent at the point of sale will be £48,000 per annum. There is a fixed uplift to £50,000 per annum in April 2025. The lease allows for a rent review in April 2026 and 2031. A deposit of £14,330 is held.
The property will be sold by way of a new 999-year lease and subject to the existing occupational lease.

Offers are invited in excess of £575,000, which represents a gross yield of 8.35%.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
1,453 SF
Building Class
B
Year Built
1920
Price
$734,871
Price Per SF
$506
Cap Rate
8.35%
NOI
$61,362
Tenancy
Single
Building Height
4 Stories
Building FAR
0.83
Land Acres
0.04 AC
Frontage
17 FT on The Broadway

Amenities

  • Security System
  • Signage
  • Storage Space

Nearby Major Retailers

Nando's
Sainsbury's Local
Five Guys
ALDI
Fitness Space
Metro Bank
itsu
Wahaca
Morrisons
Bill's
  • Listing ID: 33376809

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 94 The Broadway, London SW19 1RH

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