165-167 Haverstock Hl 3,264 SF 54% Leased Retail Building London NW3 4QT $12,103,999 CAD ($3,708.33 CAD/SF) 7% Cap Rate

£6,500,000 (Six Million Five Hundred Thousand Pounds), reflecting a current gross yield of 7% and a reversionary yield of approximately 8.1%
This is a prime freehold investment in the heart of Belsize Park, NW3, located directly opposite
Belsize Park Underground Station (Northern Line). The property extends to approximately 10,834 square feet gross internal and is fully let, with income generated from 2 well-established commercial tenants (Gail’s Bakery and Londis), together with 19 residential units above, and a dental surgery on the 1st floor. Holland & Barrett have expressed interest to rent the Londis unit for £75,000 per annum exclusive, on a new 10-year FR&I lease.
The residential units are all self-contained and comprise 18 studios and 1 x 2-bedroom flat.
The current total income of the entire building stands at £457,130 per annum, with potential to increase this to £528,150 per annum, producing a reversionary yield of approximately 8.1%. This equates to a capital value of only £600 per square foot on the gross area, offering a very attractive capital value for a freehold asset in a prime Zone 2 location. The property is held within a UK company that has recently been rebased in value, meaning that there is no taxable gain within the structure. This allows for a tax-efficient share purchase that doesn't attract a taxable gain, with potential stamp duty savings for the purchaser.
This is a rare opportunity to buy a well-located freehold investment with potential to increase the income stream through active management.