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127 Albany Rd 5,124 sq ft 100% Let Retail Property Hornchurch RM12 4AQ £480,000 (£93.68/sq ft) 6.75% Net Initial Yield


Investment Highlights
- Service access at the rear
- Large garage
- Central heating
Executive Summary
Excellent double-fronted retail unit situated in a good local shopping parade adjacent to Hornchurch Road with easy access to Romford and Upminster. These premises have the benefit of a gas central heating system together with lowered ceiling, Cat II lighting and laminated flooring. The unit can be divided into two smaller units, if required. There is also the possibility of a large garage at the rear being included in the sale by negotiation.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
5,124 sq ft
Costar Property Class
B
Year Built
1956
Price
£480,000
Price per sq ft
£93.68
Yield
6.75%
NOI
£32,400
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.27
Total Plot Size
0.43 ac
Frontage
131 ft on Albany Rd
Amenities
- Accent Lighting
- Recessed Lighting
- Air Conditioning
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Nearby Major Retailers
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Presented by
127 Albany Rd
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