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23 The Broadway 2,010 SF 100% Leased Retail Building Hornchurch RM12 4RW $725,730 ($361.06/SF)
Investment Highlights
- Occupies prominent position within shopping parade
- Romford town centre is approximately 2-3 miles away
- Consistent passing income
- Adjacent to Elm Park Underground (District Line)
- Good road connectivity
Executive Summary
Mixed-use asset with retail ground floor, accompanying ancillary basement and a self-contained 3-bed maisonette above. The property occupies a prominent broadway position with high pedestrian footfall and proximity to local services.
The property comes with a passing income of £34,800 pax (breakdown: shop £16,200; basement £6,600; maisonette £12,000), and all tenancies are on yearly agreements.
The property comes with a passing income of £34,800 pax (breakdown: shop £16,200; basement £6,600; maisonette £12,000), and all tenancies are on yearly agreements.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,010 SF
Building Class
B
Year Built
1960
Price
$725,730
Price Per SF
$361.06
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.05 AC
Amenities
- Security System
- Automatic Blinds
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Nearby Major Retailers
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23 The Broadway
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