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23 The Broadway 2,010 SF 100% Leased Retail Building Hornchurch RM12 4RW $706,623 ($351.55/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
$706,623
Price Per SF
$351.55
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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