London - Portland Road - Retail Investment

£1.321M - £1.321MSold

Unlike many of our commercial property acquisitions in London, this deal strayed out of the central zones into another busy part of the city.

South Norwood (SE25) is an area of London that is seeing significant change in social demographics, largely due to the influx of young professionals being priced out of the residential markets in Clapham, Balham and Streatham.

This increasingly affluent migrating population meant that a well-geared commercial property investment in a retail unit by a well-known brand gave great investment security and high potential for capital gain.

The property, let by Sainsbury’s for a 15-year period from summer 2012, had an annual rent of £77,000, with yield increases linked to the RPI and a capped increase range of between 1% and 3.5%.

The property, a ground floor unit, came with a lease of 999 years and a negligible ground rent. The property was purchased in 2012 for £1.17m.

A Propos London

A Propos London

Londres est un amalgame de 32 quartiers et possède une petite ville à l'intérieur de la ville (City of London). Avec presque 9 millions d'habitants, répartis sur 1572 kilomètres carrés, le Grand Londres est une grande ville, rapide et changeante qui a quelque chose pour chacun.Étant l'une des capitales les plus vertes du monde, la ville donne aux visiteurs et aux habitants l'opportunité de vivre la vie d'une grande ville- en visitant les musées, dînant dans les restaurants les plus fins, sirotant une bière fraîche tout [...]

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