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7 The Pantiles 839 sq ft 100% Let Retail Property Billericay CM12 0UA £195,000 (£232.42/sq ft) 9.23% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Established Retail Parade
- Heavy day time foot fall
- Full of Natural Light
EXECUTIVE SUMMARY
The property comprises a single storey retail unit located on The Pantiles which is a retail complex serving a well populated residential
area in Billericay. Other occupiers include Boots (opposite corner) and the Co-Op. The complex benefits from a customer's car park with free parking for up to two hours.
These premises are trading as a florist and are hold on a FRI commercial lease expiring in May 2028.
Our client holds these premises on a head lease for a period of 99 years with effect from 24th June 1985. Ground rent details on request.
area in Billericay. Other occupiers include Boots (opposite corner) and the Co-Op. The complex benefits from a customer's car park with free parking for up to two hours.
These premises are trading as a florist and are hold on a FRI commercial lease expiring in May 2028.
Our client holds these premises on a head lease for a period of 99 years with effect from 24th June 1985. Ground rent details on request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Size
839 sq ft
Costar Property Class
C
Year Built
1960
Price
£195,000
Price per sq ft
£232.42
Yield
9.23%
NOI
£18,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.08
Total Plot Size
0.23 ac
Parking
120 Spaces
Frontage
88 ft on The Pantiles
AMENITIES
- Bus Route
- Signage
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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7 The Pantiles
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