£525,000
(£320.12/sq. ft)
Retail premises for saleThe Broadway, Elm Park, Hornchurch RM12
1,640 sq. ft
Just added
About this property
Freehold mixed-use investment
Immediately adjacent to Elm Park Underground Station (District line)
Passing income £34,800 per annum
Shop let at £16,200 pa + basement £6,600 pa + 3-bed maisonette £12,000 pa
All occupiers on annual agreements
Description
A freehold mixed-use investment in a prominent position on The Broadway, Elm Park, immediately adjacent to Elm Park Underground Station (District line). The property provides a ground floor retail unit with ancillary basement storage and a self-contained three-bedroom maisonette above.
The property produces a current passing income of £34,800 per annum, comprising £16,200 pa from the shop, £6,600 pa from the basement store and £12,000 pa from the maisonette. All occupiers are understood to be on annual agreements.
Accommodation (approx.)
Ground floor retail: 47.91 sq m (515.69 sq ft)
Maisonette: 48.84 sq m (525.67 sq ft)
Basement: Storage (accessed from rear service road)
Tenure
Freehold.
Price
Guide £525,000, subject to contract.
A freehold mixed-use investment in a prominent position on The Broadway, Elm Park, immediately adjacent to Elm Park Underground Station (District line). The property provides a ground floor retail unit with ancillary basement storage and a self-contained three-bedroom maisonette above.
The property produces a current passing income of £34,800 per annum, comprising £16,200 pa from the shop, £6,600 pa from the basement store and £12,000 pa from the maisonette. All occupiers are understood to be on annual agreements.
Accommodation (approx.)
Ground floor retail: 47.91 sq m (515.69 sq ft)
Maisonette: 48.84 sq m (525.67 sq ft)
Basement: Storage (accessed from rear service road)
Tenure
Freehold.
Price
Guide £525,000, subject to contract.
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Monthly repayment
£2,626 per month
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