128A-128 High St 8,370 SF 100% Leased Retail Building Billericay CM12 9XE $2,688,136 ($321.16/SF) 9.23% Cap Rate

Investment Consideration:
Gross Initial Yield: 9.23%
Rental Income: £184,600 p.a.
VAT is applicable to this property
Comprises retail parade of 10 shops and self-contained office accommodation (No.128A) which has been sold-off on long leasehold
Total existing area: 590 sq m (6,370 sq ft)
100% Retail Occupancy. Two of the tenants have been in occupation since 1984/85
Nearby occupiers include Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more.
Property Description:
No.128 High Street: Gift Shop
Ground Floor: 126 sq m (1,358 sq ft)
Open plan retail, Storage, Kitchenette
Unit 2 The Walk: Chiropodist
Ground Floor: 31 sq m (334 sq ft)
Open plan retail, Storage, Kitchenette
Unit 3 The Walk: Cafe
Ground Floor: 40 sq m (431 sq ft)
Open plan retail, Storage, Kitchen
Unit 4 The Walk: Nail Bar
Ground Floor: 100 sq m (1,078 sq ft)
Open plan retail, Storage, Kitchenette
Unit 5 The Walk: Retail
Ground Floor: 51 sq m (550 sq ft)
Open plan retail, Storage, Kitchenette
Unit 6 The Walk: Hair Salon
Ground Floor: 51 sq m (550 sq ft)
Open plan retail, Storage, Kitchenette
Unit 7 The Walk: Hair Salon
Ground Floor: 44 sq m (474 sq ft)
Open plan retail, Storage, Kitchenette
Unit 8 The Walk: Organic Food Supplements
Ground Floor: 45 sq m (485 sq ft)
Open plan retail, Storage, Kitchenette
Unit 9 The Walk: Bubble Tea Shop
Ground Floor: 45 sq m (485 sq ft)
Open plan retail, Storage, Kitchenette
Unit 10 The Walk: Mobile Phone Shop
Ground Floor: 58 sq m (625 sq ft)
Location:
Billericay is situated in the South East Essex Area approximately 35 miles east of central London and 10 miles distant of the M25 and national motorway network accessed via the A127 Arterial Road which provides direct links to the A12. Billericay has a main line railway station providing services to the City. The property is located in the heart of Billericay and forms part of the popular 'The Walk' shopping parade, situated at the south end of Billericay High Street. The Walk provides a number of local retailers benefiting from good footfall due to its role as a thoroughfare to the Waitrose car park. Occupiers nearby including Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more