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Upminster Rd S 486 sq ft 100% Let Retail Property Rainham RM13 9BD £425,000 (£874.49/sq ft) 3.29% Net Initial Yield
Investment Highlights
- A half mile radius of Rainham station
- Three bedroom maisonette above
- Close to local amenities
Executive Summary
An opportunity to purchase the freehold to this open plan shop with three bedroom maisonette above.
The shop is currently let to Betfred in conjunction with the adjoining property and produces a return of £10,000 per annum.
The maisonette has it's own entrance from rear and has a paved garden, lounge, utility room, kitchen, three bedrooms and a bathroom. This is let on an Assured Shorthold Tenancy for £14,400 per annum returning a combined yield of 5.74% at the asking price.
The shop is currently let to Betfred in conjunction with the adjoining property and produces a return of £10,000 per annum.
The maisonette has it's own entrance from rear and has a paved garden, lounge, utility room, kitchen, three bedrooms and a bathroom. This is let on an Assured Shorthold Tenancy for £14,400 per annum returning a combined yield of 5.74% at the asking price.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
486 sq ft
Costar Property Class
B
Year Built
1970
Price
£425,000
Price per sq ft
£874.49
Yield
3.29%
NOI
£14,000
Occupancy Rate
100%
Number of Floors
2
Plot ratio
0.56
Total Plot Size
0.02 ac
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Nearby Major Retailers
1 of 5
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Upminster Rd S
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