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164 Regents Park Rd 1,004 SF Retail Condo Unit Offered at $1,492,239 CAD in London NW1 8XN
Investment Highlights
- Rarely available long leasehold retail investment
- Tenant in occupation since 1994
- Prestigious and desirable London village location
- Flexible lease terms
Executive Summary
This property comprises retail accommodation of masonry construction.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 5.00% |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| Tenure | Long Leasehold |
Description
The property is held on a long lease from 29th September 1993 for 999 years at one peppercorn rent.
Sale Notes
Offers are invited in excess of £800,000 (Eight hundred thousand pounds) for the long leasehold interest of the property. A purchase at this level will reflect a net initial yield of approximately 5% after purchaser’s costs of 5.5% on a total income of £43,500 pax.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Retail | 1,004 SF | Retail | $1,492,239 CAD ($1,486.29 CAD/SF) | $74,611.96 CAD |
Unit Retail
| Unit Size |
| 1,004 SF |
| Condo Use |
| Retail |
| Price |
| $1,492,239 CAD ($1,486.29 CAD/SF) |
| NOI |
| $74,611.96 CAD |
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Unit Retail
| Unit Size | 1,004 SF |
| Condo Use | Retail |
| Price | $1,492,239 CAD ($1,486.29 CAD/SF) |
| NOI | $74,611.96 CAD |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| Tenure | Long Leasehold |
| Description | |
| The property is held on a long lease from 29th September 1993 for 999 years at one peppercorn rent.</li></ul> | |
| Sale Notes | |
| Offers are invited in excess of £800,000 (Eight hundred thousand pounds) for the long leasehold interest of the property. A purchase at this level will reflect a net initial yield of approximately 5% after purchaser’s costs of 5.5% on a total income of £43,500 pax.</li></ul> |
Property Facts Sale Pending
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,000 SF | Floors | 1 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 773 SF |
| Property Subtype | Apartment | Year Built | 1960 |
| Building Class | B |
| Total Building Size | 6,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 773 SF |
| Year Built | 1960 |
Amenities
Site Amenities
- Security System
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Matterport 3D Exterior
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Street View
Street
Map
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164 Regents Park Rd
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