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372 High Rd 875 SF Retail Building Woodford Green IG8 0XQ $604,798 ($691.20/SF) 6.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent connectivity, with Woodford Station on the Central line offering direct, fast links to the City and West End, supporting strong commuter and
- Established residential catchment, with period housing and long-standing neighbourhoods that underpin rental stability.
- High-performing High Road position, surrounded by national and independent retailers, generating steady footfall and contributing to strong tenant ret
EXECUTIVE SUMMARY
This shop-and-uppers investment is positioned on the High Road in Woodford Green and comprises approximately 1,644 sq ft arranged over the ground and upper floors. The property is let on a new 10-year commercial lease producing £27,500 per annum, with a break option and rent review at year five, providing both income security and flexibility. The upper parts offer scope for residential conversion, subject to the necessary consents, creating a clear longer-term value angle. Priced at £450,000 and open to offers, the opportunity may also benefit from potential stamp duty relief, making it suitable for investors seeking income with future planning potential.
Tenure: Freehold
Gross Rent: £27,500
Asking Price: £450,000
Tenure: Freehold
Gross Rent: £27,500
Asking Price: £450,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
875 SF
Building Class
B
Year Built
1932
Price
$604,798
Price Per SF
$691.20
Cap Rate
6.11%
NOI
$36,960
Tenancy
Single
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.05 AC
Frontage
18’ on High Road
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372 High Rd
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