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189 High St 7,576 sq ft 100% Let Retail Property Hornchurch RM11 3XT £850,000 (£112.20/sq ft) 8.24% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Arranged on basement, ground and one upper floor to provide a ground floor restaurant
- Town centre location, close to Nandos, Giggling Squid & Costa
- Entirely let to Prezzo Trading Limited on a lease expiring 2032 (no breaks)
EXECUTIVE SUMMARY
Lot 23 was available for sale at an Allsop online auction that was held on Thursday 20th of March 2025.
The property comprises an investment opportunity for sale.
The asking price is £825,000, representing a gross initial yield of 8.24%.
The property comprises an investment opportunity for sale.
The asking price is £825,000, representing a gross initial yield of 8.24%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
7,576 sq ft
Year Built
1950
Price
£850,000
Price per sq ft
£112.20
Yield
8.24%
NOI
£70,040
Occupancy Rate
100%
Number of Floors
2
Plot ratio
1.29
Total Plot Size
0.14 ac
Frontage
70 ft on High Street
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189 High St
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