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77-79 High St 2,609 SF 100% Leased Retail Building Brentwood CM14 4RR $1,664,622 CAD ($638.03 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold investment.
- Current total income £
- Rear parking included.
- Ground floor estate agency office plus ground rents from the flats above.
- 56,450 per annum.
EXECUTIVE SUMMARY
The freehold is available, subject to the existing leases, for £895,000. The shop is let to Beresfords Residential Ltd at a rent of £55,000 per annum until October 2032. There is a tenant's break clause as at October 2027. The 6 flats above the shop are sold off on long leases and pay a combined ground rent of £1,450 per annum
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,609 SF
Building Class
B
Year Built
1909
Price
$1,664,622 CAD
Price Per SF
$638.03 CAD
Cap Rate
6.15%
NOI
$102,295 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.63
Lot Size
0.09 AC
Frontage
20’ on High St
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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77-79 High St
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