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697-699 High Road 697-699 High Rd 8,271 SF 100% Leased Retail Building Ilford IG3 8RH $3,949,447 ($477.51/SF) 6.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Ideally located near to Seven Kings Station.
- Zero management and maintenance cost
- Hands-off secure investment
EXECUTIVE SUMMARY
Introducing a rare freehold investment opportunity, available for the first time in 24 years. This substantial commercial property is prominently positioned in Seven Kings, just moments from Seven Kings Station (Elizabeth Line), offering excellent connectivity across London and beyond.
The building comprises a large ground floor public house extending to approximately 5,500 sq ft, together with 12 en-suite rooms arranged across the upper floors. The property is fully leased to a single, established operator on a 15-year term, providing a secure and entirely hands-off investment.
Currently producing a rental income of £200,000 per annum, this asset offers investors both strong covenant strength and long-term income stability in a thriving and well-connected London location.
The building comprises a large ground floor public house extending to approximately 5,500 sq ft, together with 12 en-suite rooms arranged across the upper floors. The property is fully leased to a single, established operator on a 15-year term, providing a secure and entirely hands-off investment.
Currently producing a rental income of £200,000 per annum, this asset offers investors both strong covenant strength and long-term income stability in a thriving and well-connected London location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$267,759
|
$32.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,759
|
$32.37
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $267,759 |
| Annual Per SF | $32.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $267,759 |
| Annual Per SF | $32.37 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
8,271 SF
Year Built
1980
Price
$3,949,447
Price Per SF
$477.51
Cap Rate
6.78%
NOI
$267,759
Percent Leased
100%
Building Height
3 Stories
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Confidential
- Accommodation and Food Services
- 8,271 SF
- -
- Nov 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Confidential | Accommodation and Food Services | 8,271 SF | - | Nov 2039 |
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697-699 High Road | 697-699 High Rd
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