237 High Rd 984 SF Retail Building Loughton IG10 1AD £410,000 (£416.67/SF) 7.02% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good road links
- Close proximity to local amenities
- Good transport links
EXECUTIVE SUMMARY
Offers in excess of £410,000, a purchase at which would reflect a net initial yield of 7.02% after standard purchasers costs.
The property comprises a mid-terraced lock-up retail premises on the ground floor, with a self-contained maisonette on two floors above, which has been sold off on a long lease. There is servicing and access to the maisonette from a rear service yard from Priory Road.
The property comprises a mid-terraced lock-up retail premises on the ground floor, with a self-contained maisonette on two floors above, which has been sold off on a long lease. There is servicing and access to the maisonette from a rear service yard from Priory Road.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
984 SF
Building Class
B
Year Built
1960
Price
£410,000
Price Per SF
£416.67
Net Initial Yield
7.02%
NOI
£28,782
Tenancy
Single
Number of Floors
3
AMENITIES
- Signage
1 of 1
NEARBY MAJOR RETAILERS
