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372 High Rd 1,644 sq ft Retail Property Woodford Green IG8 0XQ £450,000 (£273.72/sq ft) 6.11% Net Initial Yield
Investment Highlights
- Register for exclusive off-market opportunities - www.calibreacquire.co.uk/listings
- Established residential catchment, with period housing and long-standing neighbourhoods that underpin rental stability.
- High-performing High Road position, surrounded by national and independent retailers, generating steady footfall and contributing to strong tenant ret
Executive Summary
Register for exclusive off-market opportunities - www.calibreacquire.co.uk/listings
This shop-and-uppers investment is positioned on the High Road in Woodford Green and comprises approximately 1,644 sq ft arranged over the ground and upper floors. The property is let on a new 10-year commercial lease producing £27,500 per annum, with a break option and rent review at year five, providing both income security and flexibility. The upper parts offer scope for residential conversion, subject to the necessary consents, creating a clear longer-term value angle. Priced at £450,000 and open to offers, the opportunity may also benefit from potential stamp duty relief, making it suitable for investors seeking income with future planning potential.
Tenure: Freehold
Gross Rent: £27,500
Asking Price: £450,000
This shop-and-uppers investment is positioned on the High Road in Woodford Green and comprises approximately 1,644 sq ft arranged over the ground and upper floors. The property is let on a new 10-year commercial lease producing £27,500 per annum, with a break option and rent review at year five, providing both income security and flexibility. The upper parts offer scope for residential conversion, subject to the necessary consents, creating a clear longer-term value angle. Priced at £450,000 and open to offers, the opportunity may also benefit from potential stamp duty relief, making it suitable for investors seeking income with future planning potential.
Tenure: Freehold
Gross Rent: £27,500
Asking Price: £450,000
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Property Size
1,644 sq ft
Costar Property Class
C
Year Built
1932
Price
£450,000
Price per sq ft
£273.72
Yield
6.11%
NOI
£27,500
Tenancy
Single
Number of Floors
2
Plot ratio
0.75
Total Plot Size
0.05 ac
Frontage
18 ft on High Road
Amenities
- Bus Route
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- C J Packford Opticians
- Service type
- -
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| C J Packford Opticians | Service type | - | - | - |
Nearby Major Retailers
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372 High Rd
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