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110A High St 385 sq ft 100% Let Retail Property Brentwood CM14 4AP £175,000 (£454.55/sq ft)
INVESTMENT HIGHLIGHTS
- FREEHOLD INVESTMENT
- FULLY INSURING & REPAIRING LEASE
- OPEN PLAN TRADING AREA
- STORE ROOM
- 7.54% YIELD AT ASKING PRICE
- KITCHEN AREA
- PROMINENT POSITION
EXECUTIVE SUMMARY
Calling all investors.
Located in Brentwood High Street, this lock-up shop is let on a new, fully insuring and repairing lease with a passing rent of £13200 per annum returning a yield of 7.54% at asking price.
The current tenant derives income from selling vapes, cold drinks and snacks, and the shop offers an open plan trading area, store room, kitchen area and wc.
Close to the property are a range of national and independent retailers, coffee shops and eateries that currently includes Marks & Spencer, Iceland, Boots, Nandos, Burger King and Costa Coffee.
Brentwood Station is within 1/2 mile radius of the property and approx. 10 minutes' walk away providing regular train services to London's Liverpool Street (approx. 30 mins) via the Elizabeth Line.
The M25 (J28) and A12 roads are also within easy access.
Tenure: Freehold
Located in Brentwood High Street, this lock-up shop is let on a new, fully insuring and repairing lease with a passing rent of £13200 per annum returning a yield of 7.54% at asking price.
The current tenant derives income from selling vapes, cold drinks and snacks, and the shop offers an open plan trading area, store room, kitchen area and wc.
Close to the property are a range of national and independent retailers, coffee shops and eateries that currently includes Marks & Spencer, Iceland, Boots, Nandos, Burger King and Costa Coffee.
Brentwood Station is within 1/2 mile radius of the property and approx. 10 minutes' walk away providing regular train services to London's Liverpool Street (approx. 30 mins) via the Elizabeth Line.
The M25 (J28) and A12 roads are also within easy access.
Tenure: Freehold
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
385 sq ft
Costar Property Class
B
Year Built
1958
Price
£175,000
Price per sq ft
£454.55
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Rasa Clothing Repairs
- -
- 385 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Rasa Clothing Repairs | - | 385 sq ft | - | - |
1 1
NEARBY MAJOR RETAILERS
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110A High St
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