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77-79 High St 2,609 sq ft 100% Let Retail Property Brentwood CM14 4RR £895,000 (£343.04/sq ft) 6.15% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold investment.
- Current total income £
- Rear parking included.
- Ground floor estate agency office plus ground rents from the flats above.
- 56,450 per annum.
EXECUTIVE SUMMARY
The freehold is available, subject to the existing leases, for £895,000. The shop is let to Beresfords Residential Ltd at a rent of £55,000 per annum until October 2032. There is a tenant's break clause as at October 2027. The 6 flats above the shop are sold off on long leases and pay a combined ground rent of £1,450 per annum
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,609 sq ft
Costar Property Class
B
Year Built
1909
Price
£895,000
Price per sq ft
£343.04
Yield
6.15%
NOI
£55,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.63
Total Plot Size
0.09 ac
Frontage
20 ft on High St
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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77-79 High St
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