23A-25A Ongar Rd
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23A-25A Ongar Rd
407 SF 100% Leased Retail Building Brentwood CM15 9AU $1,236,188 ($3,037/SF) 6.89% Cap Rate
Investment Highlights
- Excellent Transport Links
- Heavy pedestrian traffic
Executive Summary
Location:
The property is located on the West side of Ongar Road directly opposite Sainsburys and very close to the junction of William Hunter Way and High Street, Brentwood.
Brentwood is a highly affluent historical Essex Town that has an abundance of popular retailers within its High Street together with blend of modern amenities, green spaces, and old-world charm. It has good transport links, with Brentwood train station (Elizabeth Line) offering services to London, while major roads like the A12 and M25 are nearby for easy car access.
Description:
A modern new built property consisting of a retail unit trading as a hairdresser and with 4 self-contained flats accessed from an independent street entrance.
Tenure: Freehold
Tenancy information:
Commercial Hairdresser £14,000.00 10 Year Lease from Sept 2018
1st & 2nd Flat 1 (2) 1 Bed Duplex £11,400.00 Periodic Tenancy
1st Flat 2 (3) 1 Bed £14,340.00 AST from Sep 24
2nd Flat 3 (8) 1 Bed £14,340.00 AST from Sep 24
Top Floor Flat 4 (11) 2 Bed £14,440.00 AST From Nov 23
Total Income £68,520.00
Price
Offers sought in the region of £995,000, subject to contract
Our Opinion on Capital Value of each Part
Commercial @ 7% NIY = £200,000
Flat 1 £275,000
Flat 2 £275,000
Flat 3 £275,000
Flat 4 £350,000
Combined Value - £ 1,375,000
The property is located on the West side of Ongar Road directly opposite Sainsburys and very close to the junction of William Hunter Way and High Street, Brentwood.
Brentwood is a highly affluent historical Essex Town that has an abundance of popular retailers within its High Street together with blend of modern amenities, green spaces, and old-world charm. It has good transport links, with Brentwood train station (Elizabeth Line) offering services to London, while major roads like the A12 and M25 are nearby for easy car access.
Description:
A modern new built property consisting of a retail unit trading as a hairdresser and with 4 self-contained flats accessed from an independent street entrance.
Tenure: Freehold
Tenancy information:
Commercial Hairdresser £14,000.00 10 Year Lease from Sept 2018
1st & 2nd Flat 1 (2) 1 Bed Duplex £11,400.00 Periodic Tenancy
1st Flat 2 (3) 1 Bed £14,340.00 AST from Sep 24
2nd Flat 3 (8) 1 Bed £14,340.00 AST from Sep 24
Top Floor Flat 4 (11) 2 Bed £14,440.00 AST From Nov 23
Total Income £68,520.00
Price
Offers sought in the region of £995,000, subject to contract
Our Opinion on Capital Value of each Part
Commercial @ 7% NIY = £200,000
Flat 1 £275,000
Flat 2 £275,000
Flat 3 £275,000
Flat 4 £350,000
Combined Value - £ 1,375,000
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
407 SF
Building Class
B
Year Built
2010
Price
$1,236,188
Price Per SF
$3,037
Cap Rate
6.89%
NOI
$85,129
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
1 of 1
Nearby Major Retailers
1 of 16
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23A-25A Ongar Rd
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