74 Northcote Rd - Storefront Retail/Residential FOR SALE


London, LND SW11 6QL
$1,800,000 USD
203-893-2809
74 Northcote Rd, London, LND for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 3.06% Cap Rate

74 Northcote Rd
London, LND SW11 6QL


HIGHLIGHTS

  • Great local amenities
  • Short walk to Clapham Junction Station
  • Situated in a densely populated area

OVERVIEW

The property is let under a lease to Franco Manca 2 UK Limited for a term until December 2038 (approx. 14 years unexpired) at a rent of £55,000 p.a. increasing to £56,500 p.a. from 11 June 2025, £57,500 p.a. from 11 June 2026 and £60,000 p.a. from 11 June 2027 and subject to review on the 11 June 2029 and 11 June 2034 (5 yearly). The Lease has a tenant right to break on 24th December 2034 (10 years) subject to at least 6 months notice A copy of the lease is available on request. The Landlord holds a rent security deposit and reinstatement deposit. The property is sublet to Meatailer Limited.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$2,281 USD /SF

CAP RATE

3.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

TGL358701

ASK ABOUT THIS PROPERTY

Charlie EdwardsBells Chartered SurveyorsMore Info
203-893-2809

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Charlie EdwardsBells Chartered SurveyorsMore Info
203-893-2809

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