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62 High St 532 sq ft Retail Property Brentwood CM14 4AN £300,000 (£563.91/sq ft)
INVESTMENT HIGHLIGHTS
- FREEHOLD INVESTMENT
- OPEN PLAN TRADING AREA
- 8% YIELD AT ASKING PRICE
- FULLY INSURING & REPAIRING LEASE
- PROMINENT POSITION
- THREE FLOORS TO THE PROPERTY
EXECUTIVE SUMMARY
Calling all investors.
Located in Brentwood High Street, this lock-up shop is let on a new, fully insuring and repairing lease with a passing rent of £24,000 per annum returning a yield of 8% at asking price.
The current tenant derives income from selling mobile accessories and repairs and the shop offers an open plan trading area, stock room, rear access and three rooms over two further floors.
Close to the property are a range of national and independent retailers, coffee shops and eateries that currently includes Marks & Spencer, Iceland, Boots, Nandos, Burger King and Costa Coffee.
Brentwood Station is within 1/2 mile radius of the property and approx. 10 minutes' walk away providing regular train services to London's Liverpool Street (approx. 30 mins) via the Elizabeth Line.
The M25 (J28) and A12 roads are also within easy access.
Tenure: Freehold
Located in Brentwood High Street, this lock-up shop is let on a new, fully insuring and repairing lease with a passing rent of £24,000 per annum returning a yield of 8% at asking price.
The current tenant derives income from selling mobile accessories and repairs and the shop offers an open plan trading area, stock room, rear access and three rooms over two further floors.
Close to the property are a range of national and independent retailers, coffee shops and eateries that currently includes Marks & Spencer, Iceland, Boots, Nandos, Burger King and Costa Coffee.
Brentwood Station is within 1/2 mile radius of the property and approx. 10 minutes' walk away providing regular train services to London's Liverpool Street (approx. 30 mins) via the Elizabeth Line.
The M25 (J28) and A12 roads are also within easy access.
Tenure: Freehold
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
532 sq ft
Costar Property Class
B
Year Built
1931
Price
£300,000
Price per sq ft
£563.91
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.21
Total Plot Size
0.01 ac
1 1
NEARBY MAJOR RETAILERS
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62 High St
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