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47 High St 458 sq ft Retail Property South Ockendon RM15 4AX £175,000 (£382.10/sq ft) 5.48% Net Initial Yield
Investment Highlights
- Open plan trading area
- Freehold investment
- Prominent position
Executive Summary
An opportunity to buy the freehold to this shop in the High Street in Aveley village, Essex.
The property has an open plan trading area, staff room, kitchen, own wc and is let to a barbers at £9600 per annum providing a yield of 5.48% at asking price. The current lease goes to March 2035 with rent reviews every five years.
The property has benefitted from recent external improvements and is located near Lakeside, Thurrock with easy access to the A13 and M25.
The property has an open plan trading area, staff room, kitchen, own wc and is let to a barbers at £9600 per annum providing a yield of 5.48% at asking price. The current lease goes to March 2035 with rent reviews every five years.
The property has benefitted from recent external improvements and is located near Lakeside, Thurrock with easy access to the A13 and M25.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
458 sq ft
Costar Property Class
C
Year Built
1970
Price
£175,000
Price per sq ft
£382.10
Yield
5.48%
NOI
£9,590
Tenancy
Single
Number of Floors
2
Plot ratio
0.35
Total Plot Size
0.03 ac
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Nearby Major Retailers
1 of 5
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47 High St
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