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94 Queensway 3,910 SF 100% Leased Retail Building London W2 3RR $3,036,429 CAD ($776.58 CAD/SF) 5.71% Cap Rate
Investment Highlights
- Prime Bayswater freehold
- NIY 5.71% and seeking offers of £1.65m+
- Fully let at £100,000 pa
Executive Summary
A rare freehold investment situated in a prominent position on Queensway in Bayswater, one of Central London’s most dynamic and rapidly evolving retail and residential districts.
The mid-terraced five-storey property comprises a ground-floor retail unit with ancillary basement space, first-floor offices and a spacious two-bedroom maisonette arranged over the second and third floors, all accessed via a dedicated entrance from Queensway.
Fully let to Hyde Park Agencies Limited until November 2035 at £100,000 per annum, with the ground and basement sub-let, the asset provides secure income in a location benefiting from exceptional transport connectivity and over £3bn of ongoing investment underpinning the area’s long-term growth.
The mid-terraced five-storey property comprises a ground-floor retail unit with ancillary basement space, first-floor offices and a spacious two-bedroom maisonette arranged over the second and third floors, all accessed via a dedicated entrance from Queensway.
Fully let to Hyde Park Agencies Limited until November 2035 at £100,000 per annum, with the ground and basement sub-let, the asset provides secure income in a location benefiting from exceptional transport connectivity and over £3bn of ongoing investment underpinning the area’s long-term growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,910 SF
Year Built
1908
Price
$3,036,429 CAD
Price Per SF
$776.58 CAD
Cap Rate
5.71%
NOI
$173,380 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Slab To Slab
10’
Building FAR
3.35
Lot Size
0.03 AC
Frontage
19’ on Queensway
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Nearby Major Retailers
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94 Queensway
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