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Block K4 Halewood Way 1,063 sq ft Retail Property Rainham RM13 8RP £210,000 (£197.55/sq ft)
Investment Highlights
- Long-term client
- New build property
- Consistent rent revenue
Executive Summary
This is a new mixed-use community situated within Beam Park, with the property being arranged over the ground floor to provide a nail and beauty salon. The space has been let to Elite Beauty Essence & Co Ltd/a Amore on a lease that expires in 2039 (no breaks).
Currently gross rent is £21,000 pa with an RPI review in 2028. Asking price is £210,000 with a gross initial yield of 10%.
Currently gross rent is £21,000 pa with an RPI review in 2028. Asking price is £210,000 with a gross initial yield of 10%.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Long Leasehold
Property Size
1,063 sq ft
Year Built
2023
Price
£210,000
Price per sq ft
£197.55
Tenancy
Single
Number of Floors
1
Plot ratio
0.01
Total Plot Size
3.99 ac
Frontage
45 ft on Halewood Way
1 1
Nearby Major Retailers
1 of 2
Videos
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Photos
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Map
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Presented by
Company Not Provided
Block K4 Halewood Way
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