Legal & General Sells Retail Property On St John's Road, London For £25M With Buyer's Rep Jonathan Mills - Fawcett Mead
36 St John's Rd, London Sw11 1 Pw, Uk
$25,000,000
Building Size
—
Asset Type
Retail
Closing
May 25, 2020
About this deal
AI
Located at 36-46 St John’s Road in London, this retail property was recently sold off-market to a pension fund investor. The sale price for the property was £25,000,000, and it was sold by Legal & General, represented by Rob Codling. The transaction reflects an initial net yield of 3.99%, making it an attractive investment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: £25,000,000
- Seller: Legal & General - Rob Codling
- Broker: Jonathan Mills - Fawcett Mead
- Market: London
This transaction was facilitated by Jonathan Mills from Fawcett Mead, acting as the broker. The involvement of a pension fund investor highlights the appeal and potential long-term growth prospects of this retail property located in London.
Players
London Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93