Investment sale of 8 retail shops and residential in Wimbledon

Comprising an unbroken parade of eight retail units with retained upper-level residential flats, the property spanned an impressive 13,116 square feet.
The property was sold for £5.129 million in Q3 2021, achieving an equivalent yield of 8.50% on the commercial income and a capital value of £478 per square foot on the residential uppers. 
 
Leopold Road is a desirable location in Wimbledon with a vibrant local retail scene and excellent transport links. The investment opportunity was particularly attractive due to its mixed-use nature from the ground-floor retail units and significant capital value in the residential upper flats.
 
In Q3 2021, the London property market presented unique challenges and opportunities. While some investors remained cautious amid economic uncertainties, well-located properties with diversified income streams continued to attract robust interest. These eight shops provided a reliable commercial rental income, supported by established tenants.
 
The residential uppers offered further value, with opportunities for long-term appreciation in one of London's sought-after neighbourhoods.
 
The sale of 09-23 Leopold Road was completed within the desired timeframe, achieving a sale price of £5.129 million.