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47 Stoke Newington Church St 674 SF Retail Condo Unit Offered at $1,075,029 CAD in London N16 0NX
INVESTMENT HIGHLIGHTS
- Good transport links
- Current income of £39,500 pax
- Array of local amenities
EXECUTIVE SUMMARY
The unit is located on Stoke Newington Church Street, at the junction with Lancell Street. The local area is predominantly residential and benefits from a good number of boutique and national operators on the street.
PROPERTY FACTS
| Total Building Size | 674 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 225 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1852 |
| Building Class | B | Tenancy | Single |
| Total Building Size | 674 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 225 SF |
| Year Built | 1852 |
| Tenancy | Single |
AMENITIES
- Restaurant
- Storage Space
1 UNIT AVAILABLE
Unit 1
| Unit Size | 674 SF | Sale Type | Investment |
| Price | $1,075,029 CAD | Tenure | Freehold |
| Price Per SF | $1,595.00 CAD | Cap Rate | 6.50% |
| Condo Use | Retail | NOI | $69,876.91 CAD |
| Unit Size | 674 SF |
| Price | $1,075,029 CAD |
| Price Per SF | $1,595.00 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.50% |
| NOI | $69,876.91 CAD |
DESCRIPTION
The unit is arranged over ground floor and basement, occupying a prominent corner position and benefiting from a good return frontage on Lancell Street.
SALE NOTES
Offers in the region of £578,000, which represents a Net Initial Yield of 6.5%, after deducting purchaser’s costs, and a reversionary yield of 6.84%.
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47 Stoke Newington Church St
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