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66-70 Brentwood Rd 1,713 sq ft 100% Let Retail Property Romford RM1 2EP £325,000 (£189.73/sq ft)
Investment Highlights
- Freehold.
- Benefits from a substantial rear yard (approximately 4,000 sq ft).
- Significant reversionary potential (next review 19/04/2027).
- Comprising retail and residential accommodation.
- Single-let for a term until 18/04/2033.
- Investment Let at £17,000 per annum.
Executive Summary
The property comprises a two storey building arranged as a retail unit at ground floor (trading as a tyre shop) and a 2-bed flat at the first floor. To the rear of the property is a substantial yard currently used as car-parking for a neighbouring automotive trader. The rear yard is access via an alley which is included in the demise of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,713 sq ft
Year Built
1990
Price
£325,000
Price per sq ft
£189.73
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.16
Total Plot Size
0.24 ac
Parking
4 Spaces (2.34 Spaces per 1,000 sq ft Leased)
Frontage
60 ft on Brentwood Road
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Cafe Sixty 6
- -
- 1,370 sq ft
- -
- -
- RM1 Tyres
- -
- 513 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Cafe Sixty 6 | - | 1,370 sq ft | - | - | ||
| RM1 Tyres | - | 513 sq ft | - | - |
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Nearby Major Retailers
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66-70 Brentwood Rd
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