40-42 Brookwood Rd - Storefront Retail/Residential FOR SALE


London, LND SW18 5BY
$675,000 USD
40-42 Brookwood Rd, London, LND for Sale
$675,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | Request Cap Rate

40-42 Brookwood Rd
London, LND SW18 5BY


HIGHLIGHTS

  • Freehold Mixed Use Investment
  • Guide Price Reflects 8.14% GIY on ERV
  • Asset Management Potential Via Letting

OVERVIEW

Freehold Mixed-Use Investment Opportunity with Evident Asset Management Potential Retail Unit and Two Flats Occupying a Prominent Corner Pitch in an Affluent Area Ground Floor Let at £12,500 per annum with Two Flats Vacant The property comprises a freehold mixed-use investment opportunity with a number of asset management opportunities and situated on a prominent corner pitch in a sought after area. Arranged across basement, ground and first floors, the property comprises a retail unit to the ground floor and basement, with a self-contained studio flat to the rear and a further three bedroom flat to the first floor. The ground floor is let to a private individual trading as a dry cleaners on a five year lease expiring 03.01.2028 and paying £12,500 per annum. The lease includes a rent review in July 2025 and has a rolling landlords break option with six months notice. We therefore consider the ground floor offers multiple asset management opportunities via regearing of the existing lease and improvement of the rents. The rear studio flat to the ground floor is currently vacant, however we understand it was previously let for £14,400 per annum. The first floor comprises a further three bedroom flat accessed from Clonmore Street, whilst the flat is currently vacant we understand it was previously let for £26,700 per annum. The property occupies a prominent corner pitch with an attractive frontage to Brookwood road and a return frontage to Clonmore Street. The area is characterised predominantly by residential use, with a mix of terraced houses and flats, with some local retail amenity. The property is incredibly well located for the amenities of Southfields, with the principal retail area and underground station approx 0.3 miles from the property.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$893 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

-

APN/PARCEL ID

SGL353274

ASK ABOUT THIS PROPERTY

Max MasonSavillsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Max MasonSavillsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.