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23 The Broadway 2,010 sq ft 100% Let Retail Property Hornchurch RM12 4RW £525,000 (£261.19/sq ft)
INVESTMENT HIGHLIGHTS
- Occupies prominent position within shopping parade
- Romford town centre is approximately 2-3 miles away
- Consistent passing income
- Adjacent to Elm Park Underground (District Line)
- Good road connectivity
EXECUTIVE SUMMARY
Mixed-use asset with retail ground floor, accompanying ancillary basement and a self-contained 3-bed maisonette above. The property occupies a prominent broadway position with high pedestrian footfall and proximity to local services.
The property comes with a passing income of £34,800 pax (breakdown: shop £16,200; basement £6,600; maisonette £12,000), and all tenancies are on yearly agreements.
The property comes with a passing income of £34,800 pax (breakdown: shop £16,200; basement £6,600; maisonette £12,000), and all tenancies are on yearly agreements.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,010 sq ft
Costar Property Class
B
Year Built
1960
Price
£525,000
Price per sq ft
£261.19
Occupancy Rate
100%
Number of Floors
3
Plot ratio
1.00
Total Plot Size
0.05 ac
AMENITIES
- Security System
- Roller Shutters
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NEARBY MAJOR RETAILERS
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23 The Broadway
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