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74 Moyser Rd 741 SF Retail Building London SW16 6SQ $325,485 CAD ($439.25 CAD/SF)
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Great transport links
- Great local amenities
EXECUTIVE SUMMARY
The property comprises a ground floor and basement commercial unit forming part of a traditional period terrace within a well-established local parade in the heart of Furzedown, SW16. The building occupies a prominent corner position, benefiting from a wide return frontage onto Ribblesdale Road, providing excellent visibility. The ground and basement floors are arranged to provide a retail unit with ancillary storage and a garage/store to the rear. The accommodation is versatile and would suit a range of commercial occupiers, subject to the necessary consents. In addition, there is a split-level maisonette arranged over part of the ground and first floors at the rear of the property, which has been sold off on a long leasehold interest.
Retail Unit - Term of 10 years expiring 26/05/2035. Mutual break at 26/05/2030. CPI linked rent review on the 5th anniversary subject to a cap of 3% and collar of 1%. Current passing rent £12,000 per annum. Residential unit - 125 years from 24/06/1990, therefore approx. 90 year remaining. Current ground rent of £150.00 per annum doubling to £300.00 in 2040 and being capped at £600.00 from 2065 until expiry. Total: £12,150.00 per annum (Currently)
Retail Unit - Term of 10 years expiring 26/05/2035. Mutual break at 26/05/2030. CPI linked rent review on the 5th anniversary subject to a cap of 3% and collar of 1%. Current passing rent £12,000 per annum. Residential unit - 125 years from 24/06/1990, therefore approx. 90 year remaining. Current ground rent of £150.00 per annum doubling to £300.00 in 2040 and being capped at £600.00 from 2065 until expiry. Total: £12,150.00 per annum (Currently)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
741 SF
Building Class
C
Year Built
1950
Price
$325,485 CAD
Price Per SF
$439.25 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.06 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Sprout Arts
- -
- 810 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Sprout Arts | - | 810 SF | - | - |
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NEARBY MAJOR RETAILERS
CONTACTS
-
Huseyin Zafer -
Emily Bradshaw -
Varol Zafer -
Shahid Sadiq -
Willmotts Chartered Surveyors
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74 Moyser Rd
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