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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



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%.
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
1 1
NEARBY MAJOR RETAILERS
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189 High St
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