This property is not currently available. It may be sold or temporarily removed from the market.
Available
Property Details
545 Sq Ft
£210,000
Property Summary
High Street Retail Investment Opportunity
Property Features
- High Street Location
- Producing £16,540 Per Year
- Let on new 3 year lease
Description
The property comprises a ground floor retail unit, with a flat on the first and second floor. The retail unit is currently used as a beauty salon. The first floor of the flat hosts a kitchen and lounge/diner, with the bedrooms located on the second floor above. There is rear access to the ground floor, and space to park one vehicle.
Location
The premises are located on the south side and eastern end of Hornchurch High Street close to its junction with Lodge Court. The immediate parade neighbouring the property comprises mainly independent retailers but within the Town major retailers include Sainsbury, Boots, Lidl, Costa Coffee and Holland & Barrett. The location benefits from a variety of local pay and display car parks and Hornchurch Rail Station which are all within walking distance.
Terms
The property is offered freehold subject to the above tenancies.
Tenancies
The ground floor is let to the beauty salon on a three year lease from 1st April 2025 at a rent of £16,440.00 per year.
The flat is sold on a one hundred and twenty five year lease producing a ground rent of £100 pa.
Price
Offers in the region of £210,000
EPC
210 - C68
210a - D66
Rateable Value and Council Tax banding
210 - £11,500
210a - Band C
Legal Costs
Each party to bear their own legal costs.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| g Retail unit | 545 | 50.63 | On Application | Let |
| 1st Two bedroom flat | 0 | 0 | On Application | Let |
| Total | 545 | 50.63 |
