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189 High St 7,576 SF 100% Leased Retail Building Hornchurch RM11 3XT $1,567,499 CAD ($206.90 CAD/SF) 8.24% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Arranged on basement, ground and one upper floor to provide a ground floor restaurant
  • Town centre location, close to Nandos, Giggling Squid & Costa
  • Entirely let to Prezzo Trading Limited on a lease expiring 2032 (no breaks)

EXECUTIVE SUMMARY

Lot 23 was available for sale at an Allsop online auction that was held on Thursday 20th of March 2025.
The property comprises an investment opportunity for sale.
The asking price is £825,000, representing a gross initial yield of 8.24%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
7,576 SF
Year Built
1950
Price
$1,567,499 CAD
Price Per SF
$206.90 CAD
Cap Rate
8.24%
NOI
$129,162 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.14 AC
Frontage
70’ on High Street

NEARBY MAJOR RETAILERS

Zizzi
Giggling Squid
Nando's
Natwest
Anytime Fitness
Costa Coffee
Starbucks
Lidl
Iceland
Sainsbury's
  • Listing ID: 35081179

  • Date on Market: 2025-03-10

  • Last Updated:

  • Address: 189 High St, Hornchurch RM11 3XT

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