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26-30 Strutton Ground 248 - 398 SF Retail Condo Units Offered at $556,764 - $835,145 CAD Per Unit in London SW1P 2HR
Investment Highlights
- Well connected property with transport links throughout the city
- The property is located on a pedestrianized street with retailers nearby
- Noted as one of the most centrally located street markets in London
Executive Summary
Strutton Ground Market is a small street market held on weekdays near Victoria, London. The market is located on a narrow cobbled street - Strutton Ground - between Victoria Street and Greycoat Place/Great Peter Street. This market is one of the most centrally located street markets in London, being close to the Palace of Westminster and Victoria railway station. The property is located on pedestrianised Strutton Ground with occupiers nearby includes Greggs, Costcutter and Star Pharmacy, amongst others.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Tenure | Long Leasehold |
Description
The property comprises ground floor retail shop and provides the following accommodation and dimensions:
Ground Floor: 37 sq m (398 sq ft)
Open plan retail, Storage, WC
Ground Floor: 37 sq m (398 sq ft)
Open plan retail, Storage, WC
Sale Notes
Investment Consideration:
Let until 2039. No breaks. Rent review every 5 years.
VAT is applicable to this property
Comprises ground floor shop t/a food retailer
Tenant paid a premium of £25,000 for the lease
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 8th August 2019 at a current rent of £27,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review every 5th year. No breaks. Tenant paid premium of £22,000 for the lease.
Let until 2039. No breaks. Rent review every 5 years.
VAT is applicable to this property
Comprises ground floor shop t/a food retailer
Tenant paid a premium of £25,000 for the lease
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 8th August 2019 at a current rent of £27,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review every 5th year. No breaks. Tenant paid premium of £22,000 for the lease.
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 5.33% |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Tenure | Long Leasehold |
Description
The property comprises ground floor retail shop t/a barber and provides the following accommodation and dimensions:
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
Ground Floor: 23 sq m (248 sq ft)
Open plan retail, Storage
Sale Notes
Investment Consideration:
Let until 2034. No breaks. Rent review in 2025 and 2030.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks.
Let until 2034. No breaks. Rent review in 2025 and 2030.
VAT is applicable to this property
Comprises ground floor retail shop t/a barber
Central London location within walking distance to Big Ben and Victoria train station
Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers.
Tenure:
Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.
Tenancy:
The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit No. 26 | 398 SF | Retail | $835,145 CAD ($2,098.35 CAD/SF) | $50,108.72 CAD |
| Unit No. 30 | 248 SF | Retail | $556,764 CAD ($2,245.01 CAD/SF) | $29,694.05 CAD |
Unit No. 26
| Unit Size |
| 398 SF |
| Condo Use |
| Retail |
| Price |
| $835,145 CAD ($2,098.35 CAD/SF) |
| NOI |
| $50,108.72 CAD |
Unit No. 30
| Unit Size |
| 248 SF |
| Condo Use |
| Retail |
| Price |
| $556,764 CAD ($2,245.01 CAD/SF) |
| NOI |
| $29,694.05 CAD |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit No. 26
| Unit Size | 398 SF |
| Condo Use | Retail |
| Price | $835,145 CAD ($2,098.35 CAD/SF) |
| NOI | $50,108.72 CAD |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Tenure | Long Leasehold |
| Description | |
| The property comprises ground floor retail shop and provides the following accommodation and dimensions:<br> Ground Floor: 37 sq m (398 sq ft)<br> Open plan retail, Storage, WC</li></ul> | |
| Sale Notes | |
| Investment Consideration:<br> Let until 2039. No breaks. Rent review every 5 years.<br> VAT is applicable to this property<br> Comprises ground floor shop t/a food retailer <br> Tenant paid a premium of £25,000 for the lease<br> Central London location within walking distance to Big Ben and Victoria train station<br> Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers. <br> <br> Tenure:<br> Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.<br> <br> Tenancy:<br> The property is at present let to Individuals for a term of 20 years from 8th August 2019 at a current rent of £27,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review every 5th year. No breaks. Tenant paid premium of £22,000 for the lease.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit No. 30
| Unit Size | 248 SF |
| Condo Use | Retail |
| Price | $556,764 CAD ($2,245.01 CAD/SF) |
| NOI | $29,694.05 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Tenure | Long Leasehold |
| Description | |
| The property comprises ground floor retail shop t/a barber and provides the following accommodation and dimensions:<br> Ground Floor: 23 sq m (248 sq ft)<br> Open plan retail, Storage</li></ul> | |
| Sale Notes | |
| Investment Consideration:<br> Let until 2034. No breaks. Rent review in 2025 and 2030. <br> VAT is applicable to this property<br> Comprises ground floor retail shop t/a barber<br> Central London location within walking distance to Big Ben and Victoria train station<br> Situated on pedestrianised Strutton Ground, with occupiers nearby including Greggs, Costcutter and Star Pharmacy, amongst other retailers. <br> <br> Tenure:<br> Long Leasehold. Held on a 200 year lease from 24th June 2008 at a ground rent of £250 p.a. Reversion 2208.<br> <br> Tenancy:<br> The property is at present let to Individuals for a term of 20 years from 5th December 2014 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Upwards only, open market rent review in December 2025 and 2030. No breaks.</li></ul> |
Property Facts
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 | 4,896 SF | Floors | 5 |
| Property Type | Retail | Typical Floor Size | 1,630 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1959 |
| Building Class | B | Lot Size | 0.18 AC |
| Total Building Size | 4,896 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 1,630 SF |
| Year Built | 1959 |
| Lot Size | 0.18 AC |
Amenities
- Security System
- Accent Lighting
- Recessed Lighting
- Air Conditioning
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
26-30 Strutton Ground
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