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514-518 High Rd 5,119 sq ft 100% Let Retail Property Ilford IG3 8EG £2,500,000 (£488.38/sq ft) 7.32% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Fully tenanted and income producing
Refurbished

High Road Location

EXECUTIVE SUMMARY

Prime Ilford Investment Opportunity. Comprising a ground-floor retail unit on a long lease, eight refurbished one-bedroom apartments, all occupied by professional tenants. Current income of £183,000, reflecting a yield of 7.32% at the asking price.

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER sq ft
Gross Rental Income	£183,000	£35.75
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£183,000	£35.75
Net Operating Income	-	-

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	£183,000
Annual Per sq ft	£35.75

Other Income
Annual	-
Annual Per sq ft	-

Vacancy Loss
Annual	-
Annual Per sq ft	-

Effective Gross Income
Annual	£183,000
Annual Per sq ft	£35.75

Net Operating Income
Annual	-
Annual Per sq ft	-

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Shopfront Retail / Office

Property Size

5,119 sq ft

Costar Property Class

Year Built

1962

Price

£2,500,000

Price per sq ft

£488.38

Yield

7.32%

NOI

£183,000

Occupancy Rate

100%

Tenancy

Multiple

Number of Floors

Frontage

43 ft on High Road

MAJOR TENANTS

Wholesaler
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