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292-294 Walton Rd 9,053 SF 100% Leased Retail Building West Molesey KT8 2HY $6,509,693 CAD ($719.06 CAD/SF) 8.68% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is to be sold freehold subject to the exisitng tenancies
- A sale at this level would reflect an 8.68% NIY off the current income and 10.26% NIY off the ERV
- Offers are invited in the region of £3,500,000
EXECUTIVE SUMMARY
Offers are invited in the region of £3,500,000 for the freehold interest. Offers will also be considered on the basis that the Seller retains the retail element on a 999-year lease if this were not of interest to a residential developer.
A sale at this level would reflect an 8.68% NIY off the current income and 10.26% NIY off the ERV, when allowing for purchase costs and assuming the 9-unit residential consent is worth £1,100,000.
A sale at this level would reflect an 8.68% NIY off the current income and 10.26% NIY off the ERV, when allowing for purchase costs and assuming the 9-unit residential consent is worth £1,100,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
9,053 SF
Building Class
C
Year Built
1985
Price
$6,509,693 CAD
Price Per SF
$719.06 CAD
Cap Rate
8.68%
NOI
$565,041 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.58 AC
Frontage
91’ on Walton Road
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292-294 Walton Rd
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