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47 High St 458 SF Retail Building South Ockendon RM15 4AX $238,810 ($521.42/SF) 5.48% Cap Rate
Investment Highlights
- Open plan trading area
- Freehold investment
- Prominent position
Executive Summary
An opportunity to buy the freehold to this shop in the High Street in Aveley village, Essex.
The property has an open plan trading area, staff room, kitchen, own wc and is let to a barbers at £9600 per annum providing a yield of 5.48% at asking price. The current lease goes to March 2035 with rent reviews every five years.
The property has benefitted from recent external improvements and is located near Lakeside, Thurrock with easy access to the A13 and M25.
The property has an open plan trading area, staff room, kitchen, own wc and is let to a barbers at £9600 per annum providing a yield of 5.48% at asking price. The current lease goes to March 2035 with rent reviews every five years.
The property has benefitted from recent external improvements and is located near Lakeside, Thurrock with easy access to the A13 and M25.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
458 SF
Building Class
C
Year Built
1970
Price
$238,810
Price Per SF
$521.42
Cap Rate
5.48%
NOI
$13,087
Tenancy
Single
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.03 AC
1 1
Nearby Major Retailers
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47 High St
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