427 High St N
2,264 SF 100% Leased Retail Building London E12 6TL £1,250,000 (£552.12/SF) 6.40% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent corner position
- Diverse array of local amenities
- Excellent transport links
EXECUTIVE SUMMARY
Comprising a Restaurant with basement storage, a banqueting hall, 1 x 2 bed flat and 1 x 3 bed duplex flat both independently rented.
Guiding at £1,250,000, subject to contract and existing tenancies for the freehold interest.
- (N.b A purchase at the July rent level will equate to a net investment yield of 6.4% and a gross investment of 6.7%)
Guiding at £1,250,000, subject to contract and existing tenancies for the freehold interest.
- (N.b A purchase at the July rent level will equate to a net investment yield of 6.4% and a gross investment of 6.7%)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,264 SF
Building Class
B
Year Built
1900
Price
£1,250,000
Price Per SF
£552.12
Net Initial Yield
6.40%
NOI
£80,000
Percent Leased
100%
Number of Floors
2
Frontage
33 ft on High St. N
1 of 1
NEARBY MAJOR RETAILERS
