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20-22 Forest Rd 1,567 SF Retail Building Loughton IG10 1DX $1,112,547 ($709.99/SF) 5.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold commercial investment.
- Current income £
- Let to The London Hairdressing Apprenticeship Academy.
- 47,410 per annum.
EXECUTIVE SUMMARY
The freehold is available, subject to the existing lease, for £835,000 plus VAT. The premises comprise an extended and refurbished ground floor commercial unit of 1,567 sq ft (145.6 sq m) which is currently occupied by a hairdressing academy. At first floor level is a self-contained one bedroom flat. The whole premises are let to The London Hairdressing Apprenticeship Academy on a 10 year lease from March 2022. The current rent is £47,410 plus VAT per annum and there is a 5 year tenant's break clause.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,567 SF
Building Class
B
Year Built
1919
Price
$1,112,547
Price Per SF
$709.99
Cap Rate
5.68%
NOI
$63,169
Tenancy
Single
Building Height
2 Stories
AMENITIES
- Energy Performance Rating - E
1 1
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20-22 Forest Rd
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