77-77A Queens Rd 1,693 sq ft 100% Let Retail Property Buckhurst Hill IG9 5BW £325,000 (£191.97/sq ft) 5.23% Net Initial Yield

Lot 190
The property comprises a mixed use value-add investment opportunity forming part of a popular local parade. Arranged across ground and first floors, the ground floor is let to private individual(s) on a recently signed 15 year lease expiring 31.03.2039 and paying £17,000 per annum. The upper parts are currently vacant and we consider the property offers evident asset management potential via letting. The nearby 75/75C Queens Road is fully let and producing £41,700 per annum. Alternatively the upper parts could be converted to alternative uses including residential (subject to obtaining any requisite consents). The property occupies a prominent pitch forming part of a popular local retail parade fronting Queens Road. The street comprises the principal retail amenity surrounding Buckhurst Hill underground station and is characterised by a mix of local and national retailers and residential accommodation.