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Richmond Rd 1,301 SF Retail Building Kingston Upon Thames KT2 5EH $2,324,890 CAD ($1,787.00 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 storey retail and residential property
- Freehold
- Potential to increase the total rental income to £72,800 per annum
EXECUTIVE SUMMARY
The property comprises a 3 storey terrace consisting of a double fronted shop with basement at ground floor level, together with residential accommodation over first and second floors. The upper floors are approached from a dedicated entrance at the front of the property from Richmond Road and comprises 2 x 2-bedroom and 1 x 1-bedroom self-contained flats. There is a small yard at the rear with access to the rear of the property from East Road
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,301 SF
Building Class
B
Year Built
1930
Price
$2,324,890 CAD
Price Per SF
$1,787.00 CAD
Cap Rate
5%
NOI
$116,245 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.75
Lot Size
0.04 AC
Frontage
37’ on Richmond Road
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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Richmond Rd
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