185-187 Wood St - Storefront Retail/Residential FOR SALE


London, LND E17 3NU
$795,000 USD
185-187 Wood St, London, LND for Sale
$795,000 USD
Storefront Retail/Residential - FOR SALE
1/24
null | 6% Cap Rate

185-187 Wood St
London, LND E17 3NU


HIGHLIGHTS

  • Five minute walk from Wood Street Station
  • Mixed-Use Investment
  • Potential to add value

OVERVIEW

An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station. The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments. Currently, the owner occupies both the downstairs shop and the upstairs flat, but the property can be sold with full vacant possession. The owner has also expressed interest in renting the shop from the new owner. We estimate that the downstairs shop can be rented for £16,000 per annum, and the two upstairs flats, once officially converted, can be rented for £1,500 PCM per one-bedroom flat. This would total £52,000 annually, producing a 6.5% yield at the assumed asking price. Please note that there is a substantial crack in the ceiling of the first floor towards the rear of the property, which the current owner has advised will be repaired.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

AGL201673,EGL257979,EX54340,MX101464,NGL208018

ASK ABOUT THIS PROPERTY

Jake BensonCalibre AcquireMore Info

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Jake BensonCalibre AcquireMore Info

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