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82 Northcote Rd 1,442 SF Retail Building London SW11 6QN $2,392,868 CAD ($1,659.41 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Situated in the trendy and sought-after Northcote Road with its aspirational retailers, café’s and restaurants
Short 8 minute walk from one of the UK’s busiest train stations, Clapham Junction

Retail pitch with strong retail demand and excellent rental growth prospects

EXECUTIVE SUMMARY

Affluent South West London residential suburb. Situated in the trendy and sought after Northcote Road with its aspirational retailers, cafe and restaurants. Retail pitch with strong retail demand and excellent rental growth prospects. Short 8 minute walk from one of the UK's busiest train stations, Clapham Junction. Well configured 1,211 sq ft retail unit occupied by a 'high-end' Pilates Studio. Upper parts have been converted to residential and are not part of the sale. We are offering a 999 year lease at a peppercorn. Nearby occupiers include Bayley & Sage, Aspiga, Aesop, GAIL's, Sweaty Betty, Whistles and Jimmy Fairly. Let to Mind and Motion Ltd on a 20 years lease at a rent of £85,000 per annum (tenant only break at year 10)
Offers in excess of £1,285,000 exclusive VAT and subject to contract. This reflects a net initial yield of 6.25% (assuming graduated purchaser's costs of 6.8%)

Battersea 82 Northcote Road Final