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697-699 High Road 697-699 High Rd 8,271 sq ft 100% Let Retail Property Ilford IG3 8RH £2,950,000 (£356.67/sq ft) 6.78% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Ideally located near to Seven Kings Station.
- Zero management and maintenance cost
- Hands-off secure investment
EXECUTIVE SUMMARY
Introducing a rare freehold investment opportunity, available for the first time in 24 years. This substantial commercial property is prominently positioned in Seven Kings, just moments from Seven Kings Station (Elizabeth Line), offering excellent connectivity across London and beyond.
The building comprises a large ground floor public house extending to approximately 5,500 sq ft, together with 12 en-suite rooms arranged across the upper floors. The property is fully leased to a single, established operator on a 15-year term, providing a secure and entirely hands-off investment.
Currently producing a rental income of £200,000 per annum, this asset offers investors both strong covenant strength and long-term income stability in a thriving and well-connected London location.
The building comprises a large ground floor public house extending to approximately 5,500 sq ft, together with 12 en-suite rooms arranged across the upper floors. The property is fully leased to a single, established operator on a 15-year term, providing a secure and entirely hands-off investment.
Currently producing a rental income of £200,000 per annum, this asset offers investors both strong covenant strength and long-term income stability in a thriving and well-connected London location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£200,000
|
£24.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£200,000
|
£24.18
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £200,000 |
| Annual Per sq ft | £24.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £200,000 |
| Annual Per sq ft | £24.18 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
8,271 sq ft
Year Built
1980
Price
£2,950,000
Price per sq ft
£356.67
Yield
6.78%
NOI
£200,000
Occupancy Rate
100%
Number of Floors
3
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Confidential
- Accommodation and Food Services
- 8,271 sq ft
- -
- Nov 2039
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Confidential | Accommodation and Food Services | 8,271 sq ft | - | Nov 2039 |
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697-699 High Road | 697-699 High Rd
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