Retail

Phelps House, 125-135 St Margarets Road & 29-32 Broadway Avenue, St Margarets 

 

Price: £5,100,000 - Initial Yield:6.00%

Date: Q3 2011

Acting on behalf of Angle Property we advised on the purchase of this mixed-use investment from a Private Investor for £5.1m, reflecting a net initial yield of c.6.00%.

The property comprises six occupied ground floor retail units with lower ground accommodation and a lower ground wine bar/restaurant (currently vacant). The upper parts comprise office accommodation over first and second floors with a dedicated entrance onto St Margaret’s Road. In addition there are two residential flats, further courtyard studios and small warehouse units. 

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk


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