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121 High Rd 27,132 sq ft 100% Let Retail Property Ilford IG1 1DE £5,850,000 (£215.61/sq ft) 7.42% Net Initial Yield
EXECUTIVE SUMMARY
Freehold retail property in a prime position on Ilford High Road, arranged over ground and two upper floors totaling 34,473 sq ft. Let to Boots and Shoe Zone with a WAULT of 3.6 years. Current rent £463,500 p.a. Offers sought in excess of £5.85M, reflecting 7.42% NIY and £170 psf. Asset management and redevelopment potential, subject to planning.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
27,132 sq ft
Costar Property Class
B
Year Built
1935
Price
£5,850,000
Price per sq ft
£215.61
Yield
7.42%
NOI
£434,070
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.27
Total Plot Size
2.27 ac
Frontage
136 ft on High Road
AMENITIES
- Roller Shutters
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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121 High Rd
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