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127 Albany Rd 5,124 SF 100% Leased Retail Building Hornchurch RM12 4AQ $894,796 CAD ($174.63 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Service access at the rear
- Large garage
- Central heating
EXECUTIVE SUMMARY
Excellent double-fronted retail unit situated in a good local shopping parade adjacent to Hornchurch Road with easy access to Romford and Upminster. These premises have the benefit of a gas central heating system together with lowered ceiling, Cat II lighting and laminated flooring. The unit can be divided into two smaller units, if required. There is also the possibility of a large garage at the rear being included in the sale by negotiation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
5,124 SF
Building Class
B
Year Built
1956
Price
$894,796 CAD
Price Per SF
$174.63 CAD
Cap Rate
6.75%
NOI
$60,399 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.43 AC
Frontage
131’ on Albany Rd
AMENITIES
- Accent Lighting
- Recessed Lighting
- Air Conditioning
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NEARBY MAJOR RETAILERS
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127 Albany Rd
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