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154 Hermon Hl 300 sq ft Retail Property London E18 1QH £500,000 (£1,666.67/sq ft) 3% Net Initial Yield
Investment Highlights
- South Woodford is a popular suburb
- South Woodford Central Line underground station is within very easy walking
- The building is located in a prominent position on the A113
Executive Summary
A ground floor retail/office unit in superb decorative order benefiting from glazed frontage, electric roller shutter, suspended ceiling with internal spotlight, CCTV, WC and kitchenette and having an approximate floor area of 300 sq.ft. (27.87 sq.m.). Offers in excess of £500,000 are being sought for the freehold interest subject to the aforementioned tenancies.
We understand the unit is let to a residential letting agent trading as Iglu residential property lettings for a term of 6 years from March 2018 subject to an outstanding rent review due March 2021 review at the current passing rental of £10,750 pax.
We understand the unit is let to a residential letting agent trading as Iglu residential property lettings for a term of 6 years from March 2018 subject to an outstanding rent review due March 2021 review at the current passing rental of £10,750 pax.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
300 sq ft
Costar Property Class
B
Year Built
2006
Price
£500,000
Price per sq ft
£1,666.67
Yield
3%
NOI
£15,000
Tenancy
Single
Number of Floors
3
Plot ratio
0.17
Total Plot Size
0.04 ac
Frontage
23 ft on Hermon Hill
Amenities
- Bus Route
- Commuter Rail
- Signage
- Accent Lighting
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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154 Hermon Hl
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