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20-22 Forest Rd 1,567 sq ft Retail Property Loughton IG10 1DX £835,000 (£532.87/sq ft) 5.68% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold commercial investment.
- Current income £
- Let to The London Hairdressing Apprenticeship Academy.
- 47,410 per annum.
EXECUTIVE SUMMARY
The freehold is available, subject to the existing lease, for £835,000 plus VAT. The premises comprise an extended and refurbished ground floor commercial unit of 1,567 sq ft (145.6 sq m) which is currently occupied by a hairdressing academy. At first floor level is a self-contained one bedroom flat. The whole premises are let to The London Hairdressing Apprenticeship Academy on a 10 year lease from March 2022. The current rent is £47,410 plus VAT per annum and there is a 5 year tenant's break clause.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,567 sq ft
Costar Property Class
B
Year Built
1919
Price
£835,000
Price per sq ft
£532.87
Yield
5.68%
NOI
£47,410
Tenancy
Single
Number of Floors
2
AMENITIES
- EPC - E
1 1
NEARBY MAJOR RETAILERS
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20-22 Forest Rd
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